Stock Market Caps Bullish Week With More Gains; Tech Stocks To Watch Include Apple, Nvidia, Onsemi
The stock marked capped another solid week with a low-volume rally Friday. On the heels of a strong earnings report earlier in the week, $Disney (DIS.US)$ was a top gainer in the Dow Jones today, while semiconductor stocks like $ON Semiconductor (ON.US)$, $Applied Materials (AMAT.US)$ , $Micron Technology (MU.US)$ and $Lam Research (LRCX.US)$ outperformed in the S&P 500 with gains of at least 4%.
$Apple (AAPL.US)$ also outperformed in the Dow Jones Industrial Average, up around 2%. Sentiment was positive around AAPL stock in the stock market today after the company reportedly told suppliers to expect to build at least as many iPhones this year as in 2021. Apple stock is approaching the top of a 32-week consolidation. But after six straight weekly gains, Apple could use a breather.
The $Dow Jones Industrial Average (.DJI.US)$ , $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$ extended their weekly win streaks to four amid improving breadth. The S&P 500 ended with a weekly gain of 3.3%, slightly outperforming the Dow Jones index and Nasdaq composite, which rose 3.1% and 2.9%, respectively.
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