S&P 500 Closes at 7,753 as Nasdaq Leads the Market Higher
As seen on the 24/7 Wall St. homepage on August 7, 2026.
- S&P 500+0.56%
- Dow Jones Industrial Average+0.29%
- Nasdaq Composite+0.91%
Growth did the heavy lifting again: the Nasdaq's 0.91% gain was more than triple the Dow's 0.29%, leaving the S&P 500 at 7,753. If you are underweight tech, you are underweight the only engine running right now.
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The S&P 500 added 43 points to close at 7,753, a gain of about 0.56% on the day. The headline number was solid, but it masked a wider story: markets did not move in unison. The Nasdaq Composite climbed 0.91% while the Dow Jones Industrial Average managed just 0.29%, meaning growth-oriented stocks did nearly all of the work.
That gap between the Nasdaq and the Dow — more than three times the blue-chip index's gain — is a meaningful signal about where market conviction actually sits. Investors are continuing to reward technology and growth names over the more cyclical, value-heavy components that dominate the Dow. When the spread between those two indexes is this wide on an up day, it suggests the rally's foundation is narrow rather than broad.
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For investors watching positioning, a day like this reinforces how much index-level returns are being driven by a concentrated slice of the market. A portfolio that is light on tech exposure will tend to lag even when the S&P 500 headline looks encouraging, since the Nasdaq's outperformance is doing most of the lifting for the broader index.