S&P 500 Closes July Up 1.7%, Nasdaq Surges 2.5% on Tech Rally
As seen on the 24/7 Wall St. homepage on July 30, 2026.
- S&P 500+1.69%
- Dow Jones Industrial Average+1.13%
- Nasdaq Composite+2.55%
Nasdaq surged 2.5% as tech drove a broad market rally across all three major indices to close out July.
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The S&P 500 added 123.3 points to finish at 7,439.7, building steadily from the opening bell and accelerating into the final hour of trading to close out July on a strong note. All three major indices joined in: the Dow Jones Industrial Average gained 1.1% while the Nasdaq Composite led the charge with a 2.5% surge, reflecting outsized strength in technology shares.
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The tech-driven character of the rally was clear in the gap between the Nasdaq and the other two benchmarks, with the Dow lagging its peers by a meaningful margin throughout the session. The S&P 500 held above a 1% gain for most of the afternoon before pushing higher in the final stretch, suggesting broad-based conviction rather than a late short-covering spike.