US Stock Market Today: Nasdaq Jumps 1% As Tech Shares Ride Momentum Into 2026
Stocks of tech giants like Nvidia, Tesla and Amazon rose in early trade.
The main US stock market indices opened higher on Friday, driven by the momentum sustained by tech stocks into the new year. The tech-heavy Nasdaq Composite jumped 1.03% or 239.18 points to 23,481.17 at open.
The wider index, S&P 500, opened 0.57% or 39.31 points higher at 6,884.81, whereas the Dow Jones Industrial Average traded 0.19% or 93.33 points higher at 48,156.62.
As of 10:10 a.m. EST, the indices remained in the green, with Nasdaq up 1.06% at 23,488.28; S&P 500 up 0.57% at 6,884 and Dow Jones trading 0.11% higher at 48,124.03.
In the early minutes of trade, stocks of tech giants like Nvidia Corp., Tesla Inc., and Amazon.com Inc. rose sharply.
Nvidia was up nearly 3% at $191.85 in early trade, while Amazon rose 1.21% to $233.73. Tesla also traded 0.56% higher at $452.81.
Apple Inc. was up 2.15% at $277.59, Meta Platforms was trading 0.30% higher at $662.06, and Alphabet rose 2.14% to $319.86.
After the US markets opened, only five out of the 11 sectoral indices traded in the green while six traded in the red. Gains were led by Information Technology and Communications Services sector, whereas the Financials and Real Estate Estate sectors led the decline.
In the commodities segment, spot silver and gold prices rose. The white metal traded 3.89% higher at $73.74 an ounce, while the yellow metal traded 1.04% higher at $4,355.13 an ounce.
Crude oil prices ticked lower with West Texas Intermediate futures trading 1.24% lower at $56.71 a barrel, and Brent Crude trading 1.17% lower at $60.11.
The Bloomberg Dollar Spot Index was little changed. The euro fell 0.2% to $1.1728. Similarly, the British pound was little changed at $1.3478 and the Japanese yen was also little changed at 156.84 per dollar.
Bitcoin, the largest traded cryptocurrency, rose 0.3% to $88,520.89
