Nasdaq 100, S&P 500 Finish at Record on Intel’s Blowout Results
Intel Corp. headquarters in Santa Clara, California.
Photographer: David Paul Morris/BloombergUS stocks finished at all-time highs on Friday as a blockbuster sales forecast from Intel Corp. fueled a rally in technology stocks, while trader optimism around the prospect of US-Iran talks increased.
The Nasdaq 100 Index gained 1.9% to finish at a fresh all-time closing high, with chipmakers such as Advanced Micro Devices Inc. and ARM Holdings Plc contributing to gains. Meanwhile, the S&P 500 Index advanced 0.8% to also close at a record high and complete a fourth-straight weekly advance — its longest winning streak since 2024.