Note: None of the material or content contained herein constitutes investment advice. It is solely for educational and informational purposes. Past performance is not an indicator of future performance. Sources: Fiscal.ai, Google Finance, 9 May 2026.
THE VIDEO BRIEF
THE AUDIO BRIEF
THE RUNDOWN
Last week, the Nasdaq 100 led the markets with a 5.7% gain, driven by its heavy concentration in the outperforming technology sector.
The S&P 500 followed with a 2.8% increase, as large-cap tech leaders exerted significant influence on the index’s market-cap-weighted value. The Russell 2000 rose 2.3%, reflecting positive sentiment in the domestic U.S. economy, where small-cap companies derive most of their revenue.
The Dow Jones Industrial Average gained 1.4%, showing steady performance from its 30 blue-chip members despite lagging behind high-growth tech indices. Meanwhile, the S&P/TSX Composite rose 1.3%, supported by its broad exposure to the Canadian market.
Collectively, these results indicate a week characterized by high demand for innovation and growth stocks, while domestic and defensive sectors provided more moderate, stable returns.
MOVERS AND SHAKERS
RISERS
• Akamai Technologies provides cloud and security services and rose 39.64% after reporting a $1.8B AI infrastructure deal with Anthropic and strong Q1 earnings results.
Datadog is a cloud monitoring platform that climbed 36.45% following a record $1.01B revenue quarter and broad-based acceleration across AI and non-AI customer segments.
Advanced Micro Devices is a semiconductor company that gained 33.28% after reporting blowout Q1 earnings and issuing an upbeat revenue forecast driven by AI demand.
FALLERS
CDW Corporation provides IT solutions and fell 22.55% after reporting Q1 margin compression and missing operating income expectations despite beating revenue estimates.
Arista Networks is a networking equipment company that dropped 17.87% after warning that component supply constraints would impact future revenue growth and gross margins.
APA Corporation is an energy company that fell 15.37% as investor concerns over future guidance overshadowed strong Q1 earnings and revenue beats.
SECTORS
Technology led weekly gains at 8.31%, fueled by robust earnings and continued AI investment momentum. Consumer Discretionary rose 2.11% as e-commerce trends supported growth, while Industrials gained 1.30% due to historical early-cycle outperformance. Conversely, Energy fell 6.21% as it reversed previous gains despite geopolitical tensions in the Strait of Hormuz. Utilities and Financials dropped 3.56% and 0.66% respectively, with the latter facing pressure from quantitative tightening. Real Estate climbed 0.75% as investors sought stability, while Consumer Staples edged up 0.77%, benefiting from its defensive nature during market volatility.
