S&P 500 Climbs 1.3% at Midday as Tech Leads Broad Rally
As seen on the 24/7 Wall St. homepage on August 3, 2026.
- S&P 500+1.27%
- Dow Jones Industrial Average+1.07%
- Nasdaq Composite+1.85%
Tech is doing the heavy lifting at midday, with the Nasdaq up 1.85% and leaving the Dow's 1.07% gain behind. Broad participation this strong by lunchtime rarely fades quietly into the close.
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The S&P 500 is up 95 points, trading at 7,585 as of midday, with gains that have been building steadily since the open rather than front-loaded and fading. The Nasdaq is outpacing the broader market by a wide margin, up 1.85%, while the Dow is posting a solid but comparatively modest gain of 1.07%. That gap tells a clear story: technology is the engine driving today's move.
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What makes the session notable is the breadth of participation across the market. When multiple major indexes are all posting gains above 1% by lunchtime, it suggests the buying is distributed rather than concentrated in a handful of names propping up the headline number. That kind of broad-based strength through midday has historically been harder for sellers to reverse heading into the afternoon session.