Stock Market Today, May 1: S&P 500 and Nasdaq Power to New Highs

The Nasdaq Composite rose 0.89% to 25,114.44 and hit fresh records on tech strength, while the S&P 500 gained 0.29% to 7,230.12. The Dow Jones Industrial Average fell 0.31% to 49,499.27 as value and cyclical stocks lagged. The move reflects a modest risk-on tone led by technology rather than a broad market advance.

Analysis

The Nasdaq Composite rose 0.89% to 25,114.44 and hit fresh records on tech strength, while the S&P 500 gained 0.29% to 7,230.12. The Dow Jones Industrial Average fell 0.31% to 49,499.27 as value and cyclical stocks lagged. The move reflects a modest risk-on tone led by technology rather than a broad market advance.