Stocks

Wall Street Review: Nasdaq Closes Above 25,000 for 1st Time Ever on Strong Tech Earnings

Market volatility dropped sharply.
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Wall Street Review: Nasdaq Closes Above 25,000 for 1st Time Ever on Strong Tech Earnings
Traders work on the floor of the New York Stock Exchange on April 30, 2026. Timothy A. Clary/AFP via Getty Images
Panos Mourdoukoutas
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Wall Street’s multi-week rally shifted into higher gear this week, driven by strong earnings from Alphabet, Qualcomm, Amazon, and Apple. The S&P 500 and Nasdaq hit fresh record highs, with the Nasdaq closing above 25,000 for the first time—a bullish technical milestone for the index.

The rally held despite rising oil prices, a fragile Middle East peace, and higher bond yields following a divided Federal Open Market Committee (FOMC) meeting.

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Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”