The Nasdaq Gains 1.5%. Wall Street Is Still Chasing Momentum Stocks.

The Dow was flat. It’s struggled to keep up with the S&P due to its lack of chip stocks and other major tech players that are supercharging the market’s rally. The tech sector was also up 2.5%, followed by real estate with a 0.6% gain and materials and consumer discretionary with 0.4% gains.