While the S&P 500 (^GSPC) stalled out in its rally, the Dow Jones Industrial Average (^DJI) closed the Friday session lower, falling by over 0.5% this week. The Nasdaq Composite (^IXIC) managed to keep its head above water and finish in the green.

Yahoo Finance's Julie Hyman and Jared Blikre review the colossal gains the S&P 500 and Nasdaq saw over the past five trading days.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.

Video Transcript

We had sort of a stalling out of a momentum today.

Now the Dow has been sort of the underperformance this week.

So it fell today by about 5058 points right now.

As we look at the five day chart here, it was also down this week by about a half of 1%.

We have been seeing better performance from the S and P 500 but again, it's sort of stalled out today, not seeing much change, really at all.

But on the week, still, a healthy 1.5% gain help being filled by, of course, CP I on as well as the Fed that didn't seem to really upset the apple cart and some strong performance from a large cap tech.

And speaking of that last, the NASDAQ, after really bouncing around between negative and positive today, eking out a gain of 10th of 1% by days and and again closing at a record the NASDAQ five day chart up 3%.

So it was definitely the winner on the week.

Now let's send it over to Jared for a closer look at today's action.

Thank you, Julie, and let's go to the Wi Fi Interactive.

I'm going to check the sector action.

What you're looking at that was a NASDAQ 100.

We'll take a look at that in a second.

What I want to show you is we are just far and away.

This has been a week of tech.

Now, today we got tech and communication services tied in the lead for a whopping 3% or one third of a percent.

But here's a five day action only XL K. That's a tech sector.

Only XLK has outperformed and it is outperformed by a large margin five point 6%.

Now I'm going to switch over to the NASDAQ 100.

This is the entire week, but you can see here Microsoft, Apple, NVIDIA So many record highs this week among the three of them.

Apple just really bouncing back here.

And that has been the story because I'll tell you what you take a look at the week's action in all 100 NASDAQ stocks or NASDAQ 100 stocks, and we have more than half of them in the red, and you take a look at the Dow here, most of them in the red.

You don't even fill out the top line there.

So there's not a lot of strength under the surface here, but those mega caps really keeping things afloat.

And finally, here's our leaders index for the week.

New York Fang.

We know that is that's up the most 5.3%.

But then chip stocks, then the queues, then software.

And this has been interesting because we've seen software flagging recently.

Not this week.

With the comeback of Microsoft to fresh records, we got Oracle up almost 10% Adobe 13% and the list goes on there.

Uh, you can also take a look at the semi conductors.

So we already saw strength in them.

That strength is continuing.

Uh, looks like M DB.

Uh, excuse me.

Mobily mobilised down about 10% a MD down 5%.

Uh, but other than that, a really strong showing.

I'm gonna leave it on the NASDAQ 100.

What we saw today, this is today only, and we're seeing some strength in adobe.

That's due to earnings yesterday.

14.5%.

And then Broadcom another record high there too,