For the sixth day running, the Nasdaq Composite’s tech-heavy sector posted an advance. Even so, the S&P 500 increased just slightly as major tech companies performed very strongly throughout the session. These changes in the gold market are related to recent improvements in trade with China and the inflation report for this week.

Key Takeaways:

• For the sixth straight day, the Nasdaq Composite went up, and the S&P 500 also rose a little, thanks to good performance from tech stocks.
• Super Micro Computer finished the day at the top among S&P 500 stocks after agreeing to a $20 billion deal with a Saudi data center company.
• The drop in pharmaceutical stocks came after President Trump issued his executive order, as Merck decreased by 4% and Moderna decreased by almost 6%.
• Nvidia, Tesla, and AMD are profiting due to the relaxing of trade disputes between the U.S. and China and an increase in AI investment.

Market Performance Overview

During Wednesday’s trading, the Nasdaq went up by 0.7%, and the S&P 500 increased by 0.1%. Even so, the Dow Jones Industrial Average went lower by 0.2% due to disappointing performance from pharmaceutical companies. The S&P 500 has reached positive numbers for 2025 this month after being negative in the previous three months. Nasdaq is very close to its original start for the year because it rose by almost 30% after it reached its 2016 low on April 7.

Nvidia, which produces AI chips, and Tesla, a car company, saw their stocks go up by 4%. Today’s move comes after shares increased by 5% the day before. Other tech firms, such as Alphabet, climbed almost 4% on the day, and both Microsoft and Meta Platforms made gains too. The shares of Apple, Amazon, and Broadcom ended a little lower for the day.

Tech Sector Highlights

The stock value for Advanced Micro Devices rose more than 4% after the company announced they would repurchase $6 billion in stock. Super Micro Computer, a company that makes servers, saw its share price jump by 16% and was the leader on the S&P 500 list of advancers. This wave of growth was triggered by Microsoft’s $20 billion deal with DataVolt from Saudi Arabia.

For the second day in a row, Palantir saw the highest ever close for its shares after they increased by 1.6%. Interest in AI-related stocks has increased, which is why the stock almost doubled from its low in the last month. According to their analysis, Palantir is helping to define the ways companies use artificial intelligence.

Pharmaceutical and Energy Sectors

The performance of pharmaceutical stocks dropped after President Trump introduced an executive order to decrease drug prices. The slide in the Dow was mainly driven by Merck, which sank 4%, and Moderna, which decreased almost 6%. They reveal that healthcare companies still face significant pressure as a result of changes in regulations.

Enphase Energy shares went up 5.8% after releasing a new simple solar battery system in Belgium. This solution makes it possible for people living in small homes to earn energy from their balconies or nearby green spaces. As for Oklo, its share price jumped 15% after it said it had made significant progress on its first nuclear power plant, resulting in a weekly gain of over 30%.

Conclusion: S&P 500

The yield on the 10-year Treasury note rose to 4.54%, and this was its highest closing since mid-August. Gold futures went down 2.1%, while Bitcoin’s price fell to $103,600. Analysts are waiting for Walmart’s earnings, as things could move the shares by up to 5%. All the analysts we track are confident in the stock and set a price target of $111.