Nasdaq Closes at Record as Big Tech Lifts S&P 500

The Nasdaq Composite hit new intraday and closing highs on October 5, 2026, Investopedia reported. The S&P 500 rose as most megacap growth stocks — the largest tech companies — advanced, according to Kitco. My read: strength comes from Big Tech profits, not the wider market. Small borrowers still face tight credit.