Technology stocks surge, Nasdaq and S&P 500 continue to reach new highs.

Strong capital inflows into technology and semiconductors helped the Nasdaq and S&P 500 both reach new highs in the US stock market on May 26th. Meanwhile, the Dow Jones reversed course and edged lower due to profit-taking pressure in the industrial and energy sectors.

Strong capital inflows continued into the technology sector, pushing the Nasdaq and S&P 500 to all-time highs on May 26th.

Wall Street closed the trading session on May 26th (US time) in a clearly mixed state, with technology stocks continuing to lead the market upward, pushing both the Nasdaq and S&P 500 indices to new record highs. Conversely, the Dow Jones index edged lower due to correction pressure from industrial and energy stocks after an earlier period of rapid growth.

At the close of trading, the S&P 500 rose 45.65 points, or 0.6%, to 7,519.12, its highest closing level ever. The Nasdaq Composite surged 312.21 points, or 1.2%, to 26,656.18, continuing to set new highs thanks to gains in technology and semiconductors. Meanwhile, the Dow Jones Industrial Average fell 118.02 points, or 0.2%, to 50,461.68.

Notably, the Russell 2000 index, representing small-cap companies, surged 1.8% to 2,920.54 points, indicating that capital is showing signs of spreading to various stock groups beyond large-cap technology companies.

Following the Memorial Day holiday, investor sentiment quickly turned positive again as US government bond yields cooled and positive signals emerged from geopolitical tensions in the Middle East. According to Reuters, AP, CNN, and Investopedia, news related to the progress of negotiations between the US and Iran strongly supported global financial markets.

President Donald Trump said negotiations with Iran were "going well," raising hopes that global oil supplies could stabilize in the near future. This helped alleviate concerns about the risk of prolonged high energy prices – a factor that had previously worried investors about inflation remaining high.

In the bond market, the yield on 10-year US Treasury bonds fell to around 4.49%, creating favorable conditions for growth stocks. This is seen as a key driver helping technology stocks continue to attract strong capital inflows as investors continue to bet heavily on the prospects of artificial intelligence (AI).

Semiconductor stocks continue to be the focus of the market. Many large technology companies recorded strong gains driven by expectations that the wave of investment in AI and data infrastructure still has significant growth potential in the coming years. Reuters reported that the US semiconductor index continues to maintain historical highs as institutional money continues to favor businesses related to AI, cloud computing, and data centers.

Meanwhile, energy and defensive stocks came under downward pressure due to weakening oil prices. Several large-cap industrial stocks in the Dow Jones fell significantly after earlier strong gains, preventing the index from maintaining the gains seen in the Nasdaq and S&P 500.

According to AP, despite geopolitical risks and inflation, market sentiment remains quite optimistic. Investors believe the US economy is maintaining a relatively strong recovery, and expect the Federal Reserve (Fed) to have more room to adjust monetary policy if inflation continues to cool in the coming months.

Since the beginning of 2026, the Nasdaq has risen nearly 15%, while the S&P 500 has increased by approximately 10%. The Dow Jones, although rising more slowly, has still recorded a gain of around 5%. Notably, the Russell 2000 is leading the way with a gain of over 17%, reflecting a trend of capital flowing into mid- and small-cap stocks instead of focusing solely on tech giants.

Investors are now shifting their attention to a series of key US economic data releases this week, including consumer confidence, GDP figures, and especially the PCE inflation index – a measure of inflation that the Fed prioritizes monitoring. These data are expected to have a significant impact on interest rate expectations in the coming period.

CNN notes that the US stock market is entering a phase of "cautious growth," as investors are simultaneously focusing on corporate earnings prospects and closely monitoring interest rate movements and global geopolitics. In this context, technology stocks continue to play a key role in supporting Wall Street.

Investopedia experts believe the current upward trend in the market has not been broken, especially as large capital flows continue to attract businesses that directly benefit from AI, cloud computing, and semiconductors. However, high valuation pressure and the risk of volatility from interest rate policies remain factors that investors need to be cautious about in the short term.

The trading session on May 26th continued to demonstrate the superior strength of the US technology sector, reflecting investor confidence in the economic outlook and corporate earnings for 2026. Despite a slight correction in the Dow Jones, the Nasdaq and S&P 500 repeatedly reaching new highs is reinforcing expectations of a prolonged bull cycle on Wall Street.

Source: https://thoibaonganhang.vn/co-phieu-cong-nghe-bung-no-nasdaq-va-sp-500-tiep-tuc-lap-dinh-moi-182597.html