S&P 500 Climbs 1.1% at Midday as Tech Pulls Ahead of the Dow
As seen on the 24/7 Wall St. homepage on September 3, 2026.
- S&P 500+1.07%
- Dow Jones Industrial Average+0.77%
- Nasdaq Composite+1.40%
Tech is doing the heavy lifting again, with the Nasdaq up 1.4% at midday versus 0.77% for the Dow. Anyone underweight megacap growth is watching the gap widen in real time.
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The gap between growth and value is widening: the Nasdaq is up 1.4% while the Dow has added just 0.77%, meaning megacap tech is doing the work and more defensive corners of the market are largely sitting out the rally.
That divergence matters for portfolio positioning. Investors tilted toward value or equal-weight strategies are watching a meaningful performance gap open in real time, with the broad index gain of roughly 82 points masking just how concentrated today's strength has been.
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The S&P 500 is trading at 7,748, and momentum like that tends to draw in sidelined buyers before the afternoon.
The comparison between the Nasdaq and the Dow is the number to keep in mind heading into the final hours of trading. If tech holds its lead, any fund manager underweight that sector will feel the gap on today's attribution sheet.