S&P Closes Out 6th Straight Week of Gains | Closing Bell

Summary

The S&P 500 closed out its sixth straight weekly gain, reaching record highs, driven by strong earnings and investor sentiment. The show covered sector performance, with technology and semiconductors leading, while energy and financials lagged. Individual stock movers included Intel, Micron, Monster Beverage, Dell, Cloudflare, Expedia, and CoreWeave. The segment also touched on fixed income yields, a gelato story, and a Canvas platform hack affecting universities.

• S&P 500 posted sixth consecutive weekly gain, closing at a record high.
• Nasdaq Composite and Nasdaq 100 also closed at record highs.
• Semiconductor sector surged, with Intel up nearly 14% and Micron up 15.5%.
• Apple and Intel reached a preliminary chip manufacturing agreement.
• Monster Beverage rose 13.5% after earnings beat estimates.
• Cloudflare fell 3.6% after cutting jobs and giving weak revenue forecast.
• Expedia dropped 9% on tepid Q2 gross bookings forecast.
• Treasury yields fell slightly after April jobs report; 10-year at 4.36%.