The major markets bounced back this week, powered by buy-the-dip momentum, strong earnings, and a surge in mega-cap tech. The S&P 500 rose 2.4%, just shy of a new record, while the Nasdaq jumped 3.9% to hit an all-time high.

Apple led the charge with an 8.4% gain after announcing a $100 billion U.S. manufacturing boost. Nvidia reached new all-time highs after the Trump administration made a special carve-out for chip makers who would have a focus on domestic manufacturing. This fueled gains in the information technology sector, which topped the charts last week. The sectors were generally positive with only energy, health care, and real estate closing lower, but all under a percentage loss.

In the bond market, yields ticked higher with the 10-year closing up to 4.27% as Fed officials signaled no near-term rate cuts. Meanwhile, Fed leadership chatter picked up, with Christopher Waller seen as a top candidate for the new Chair.