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US tech stocks lead gains as Nasdaq 100 ETF rises 5.69%, S&P 500 up 2.71% amid mixed sector performance

Market News
12 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

US equity markets advanced this week, driven by strong momentum in growth and technology sectors. The Nasdaq 100 ETF rose 5.69%, and the Technology Select Sector ETF climbed 8.31%, reflecting renewed investor interest in high-growth and semiconductor stocks. The broader market also saw gains with the S&P 500 ETF up 2.71%, while small-cap stocks posted moderate increases. However, sector performance was uneven, with Energy and Utilities sectors experiencing notable declines. This mixed sector trend highlights selective investor optimism focused on technology and growth areas.

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