Stock Market Today: S&P 500 Ticks Up 0.31% as Tech Leads
The S&P 500 rose 0.31% and the Nasdaq Composite climbed 1.09%, while the Dow dropped 0.46% in Friday trading.
- The S&P 500 rose 0.31% to 7,376.86, while the Nasdaq jumped 1.09% to 24,579.42 and the Dow lost 0.46% to 51,285.73.
- Information Technology topped all sectors with a 1.45% gain, whereas Consumer Staples fell 1.28%.
- Market breadth leaned negative as 897 S&P Composite 1500 stocks declined against 605 gainers.
Major Indexes Split as Nasdaq Outperforms
US equity benchmarks finished Friday's session mixed. The S&P 500 gained 23.13 points, or 0.31%, to close at 7,376.86, while the tech-heavy Nasdaq Composite led the upside with a 1.09% jump to 24,579.42, and the small-cap Russell 2000 rose 0.89% to 2,754.11. In contrast, the Dow Jones Industrial Average dropped 237.33 points, or 0.46%, ending at 51,285.73. The CBOE Volatility Index sank 9.01% to 25.64.
Tech Rallies While Staples and Financials Slump
Sector performance was tilted to the downside, with only three of the 11 primary sectors finishing in positive territory. Information Technology led advancers with a 1.45% increase, followed by Communication Services with a 0.43% gain and Industrials edging up 0.12%. Consumer Staples was the worst performer of the day, declining 1.28%, while Materials lost 0.73% and Real Estate retreated 0.68%.
Market Breadth Remains Negative
Across the S&P Composite 1500, declining issues outnumbered gainers, with 897 stocks down and 605 heading higher. Among the index constituents, 54.0% ended above their 50-day moving average and 51.0% traded above their 200-day moving average. The session saw 12 new 52-week highs compared to 46 new 52-week lows.
Top Movers and Corporate Developments
Karman shares surged 42.13% to $45.61, pacing the gainers, while TransMedics Group rose 27.92% to $88.24. Moderna gained 5.27% after reporting third-quarter financial results and raising its full-year revenue guidance. On the downside, Axon Enterprise sank 18.18% on heavy volume, and Five9 dropped 17.63%. In deal news, Fox Corp completed its acquisition of Roku, which rose 0.09% on 4.11 times relative volume as it terminated its Nasdaq listing.
On Deck for the Next Session
Trading will resume on Monday, November 9, 2026. Investors will navigate a slate of quarterly earnings releases throughout the day. Before the opening bell, KKR & Co., Constellation Energy, Ferguson Enterprises, and Roivant Sciences are set to report, followed by Occidental Petroleum, Skydance Corporation, Take-Two Interactive, and Rocket Lab after the market close.
Written with AI (Google Gemini) from the closing data in the tables on this page; every figure in the text was checked against that data before publishing. Prices are end-of-day. Not investment advice.