Stock Market Today: S&P 500 Nabs First-Ever Close Above 5,000

Strength in a number of mega-cap tech stocks helped the Nasdaq outperform and the S&P 500 tackle a psychologically significant technical level.

stock market ticker board with three dimensional blue arrow pointing up
(Image credit: Getty Images)

The tech sector was the clear winner Friday, thanks to solid gains for several Magnificent 7 stocks. But it was the S&P 500's inaugural close above the psychologically significant 5,000 mark that really made headlines.   

At the close, the Nasdaq Composite was up 1.3% to 15,990 and the S&P 500 had gained 0.6% to 5,026 – settling above the 5,000 level for the first time ever. 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.