# The S&P 500 equal-weighted index also closed at a record.

*business · news · 2026-05-07 · NDTV Profit*

## Key points

- The S&P 500 equal-weighted index closed at a record, showing a broad-based market rally.
- The Philadelphia Semiconductor Index hit a new all-time high, with Arm Holdings surging 14%.
- Energy stocks led S&P 500 sector gains with a 27% advance, while financials and healthcare declined.
- Seven megacap tech companies are expected to drive over half of S&P 500 EPS growth this quarter.
- Bank of America clients drove record $6.8 billion in equity ETF inflows last week, reversing previous selling.

**Companies:** Nvidia Corp., Walt Disney Co., JPMorgan Chase & Co., Citigroup Inc., Alphabet, Arm Holdings Plc
**Countries:** United States, Taiwan, South Korea, Iran

[Read the full story on NDTV Profit](https://www.ndtvprofit.com/markets/wall-street-highlights-s-p-500-nasdaq-set-record-high-on-hopes-for-end-to-war-amd-forecast-11459824)

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