Tech Giants Drive Dow's Growth: Weekly Review

The stock market rally saw the Dow Jones join the S&P 500 and Nasdaq composite in hitting 52-week highs, but then the Nasdaq sold off hard Thursday, wiping out weekly gains, amid earnings-related sell-offs from Tesla, Netflix, and Taiwan Semiconductor. Bank stocks kept rallying on results, even when the results weren't great. Johnson & Johnson earnings helped buoy the Dow. Treasury yields rebounded after a sharp sell-off from 2023 highs earlier in the month.