Apple Leads Stock Market to a Positive Weekend
Stock markets rose on Friday as tech stocks performed well, but early Monday trading showed that much of the momentum had been lost.
Quick overview
- Apple (AAPL) had a remarkable week, gaining 13% on Friday and contributing to a short rally in the stock market.
- The Dow Jones, Nasdaq Composite, and S&P 500 all saw gains, with the Nasdaq reaching a new all-time high.
- Premarket trading indicates the Dow is holding onto its gains, while the S&P 500 remains flat and the Nasdaq has slightly dropped.
- Upcoming news on tariffs and expiring tax credits for electric vehicles may influence market dynamics in the coming week.
Apple (APPL) enjoyed its best week in years and helped bring up the stock market indices with its 13% gain on Friday, creating a short rally before the week closed off.
The Dow Jones climbed 0.47% on Friday thanks to good performances from Tesla (TSLA), Apple, and Alphabet (GOOG) that appealed to investors looking to buy in on a quick rally. The Nasdaq Composite gained 0.98% thanks to some strong tech stocks, and the S&P 500 added 0.78% to its already high total.
On Friday, the Nasdaq managed to hit a new all-time high, and the S&P 500 stayed close to its record high as well. The gains from Friday may not continue through Monday, however.
In premarket trading, we are seeing the Dow continue to climb and hold onto its gains, but the increase is minimal. Meanwhile, the S&P 500 remains flat from its Friday trading session close, and the Nasdaq Composite dropped slightly as trading started for Monday.
What to Expect for Monday Trading
Because the indices did not dip significantly when Monday trading began, that is a good indication that the market will retain most of its gains and perhaps keep some momentum going through the week.
We expect to hear news of tariffs this week, which should shift the market as countries respond to President Trump over his newly issued tariffs. The deadline for them to dispute the proposed tariffs ended last week, so as those tariffs take effect, trade partners will feel the pinch and may start to negotiate with the Trump administration.
Tax credits for electric vehicles will be expiring soon, and customers may be rushing to take advantage of those. We could see a jump in EV sales for a little while as the market responds to expiring credits. That could help Tesla sales for a bit and give the Nasdaq a slight edge to keep setting a new record high, especially with other tech stocks like Apple and Alphabet posting such good reports recently.
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