US Stocks Close Higher on Tech Gains

2026-07-31 20:10 By Isabela Couto 1 min. read

US stocks rose on Friday as gains in major technology stocks lifted the market in a volatile session.

The S&P 500 rose 0.7%, the Nasdaq 100 gained 0.6%, and the Dow added 277 points.

Amazon jumped 15.3% on strong cloud growth.

Optimism around the AI trade boosted software and hyperscalers, with Alphabet gaining 6.9%, Microsoft adding 3%, and Meta rising 3.3%.

Those gains outweighed a decline in Apple (-7.3%), after chip shortages raised costs and reduced June-quarter production, weighing on earnings.

Elsewhere, broader sectors were weaker, with Netflix down 2% and Eli Lilly losing 0.6%.

ExxonMobil fell 1% as limited refinery capacity prevented the oil major from fully benefiting from higher oil prices last quarter.

The Dow and the S&P 500 each gained about 1% for the week, while the Nasdaq advanced roughly 1.6%.

For July, however, the S&P 500 slipped 0.1% and the Nasdaq declined 3.2%.

The Dow bucked the trend, edging up 0.3% to record its fourth straight monthly gain.



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