S&P 500 at 7,759 Midday: Tech Leads, Industrials Lag the Rally
As seen on the 24/7 Wall St. homepage on August 7, 2026.
- S&P 500+0.65%
- Dow Jones Industrial Average+0.21%
- Nasdaq Composite+0.91%
Tech is doing the heavy lifting again, with the Nasdaq up 0.91% at midday against just 0.21% for the Dow. Own the industrials and you are barely participating in this leg of the record run.
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The S&P 500 is up 49.84 points to 7,759.82 at midday, building on a previous close of 7,709.98. The gain is solid but uneven: the Nasdaq Composite is running nearly three times as fast, up 0.91%, while the Dow Jones Industrial Average is limping along at just 0.21%.
That gap tells a familiar story about where conviction sits right now. Technology is doing the heavy lifting, pulling the broader index higher while industrial names contribute little to what the facts describe as a record run. Investors holding a portfolio tilted toward manufacturers, energy, or other Dow-heavy sectors are watching this leg of the rally largely from the sidelines.
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The intraday S&P 500 chart shows the index opened the session already up roughly 1.7% from the prior close and spent the morning gradually extending those gains, touching a high near 2% before settling back into the 0.6% range at midday. Whether tech can maintain that leadership into the afternoon will determine how much of those early gains the broader market holds at the close.