Procter & Gamble's Tide detergent can be seen on display at a new Wal-Mart store in Chicago January 24, 2012.
John Gress | Reuters
The major averages were all up for the holiday shortened trading week, with the S&P 500 closing at a new all-time high on Friday, beating its last record set in January 2022.
The week's biggest winner, however, was the tech-heavy Nasdaq, which gained more than 2%. The Magnificent Seven (Amazon, Alphabet, Apple, Meta Platforms, Microsoft, Nvidia, Tesla) led the way, with Nvidia jumping 8.74% for the week, and Apple up 3.03% following a big upgrade by Bank of America.