The S&P 500 (SPX) is up today as tech stocks bounce back from a fall earlier this week. Apple (AAPL) helped by beating estimates in its most recent earnings report. That reignited confidence in tech stocks after many crashed this week alongside the reveal of DeepSeek’s newest artificial intelligence (AI) model.
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The trouble with DeepSeek came from its performance and price. The new Chinese AI model was better than those offered by U.S. rivals. It also did so with dramatically low development costs. This worried investors about potential overspending by U.S. AI companies. However, some of those concerns waned on reports that DeepSeek might not be telling the truth about its costs and how it got there. That includes potentially riding on other AI developments and using more powerful chips than it claims.
With this news comes a 0.7% increase for the SPX today, building on its year-to-date gains of 3.22%. The index has also performed well over the past year with a 23.75% rally.
Which Stocks Are Lifting the SPX Higher Today?
Turning to the TipRanks SPX heatmap tool, traders will see which stocks are boosting the index on Friday. As mentioned, tech stocks are a huge portion of today’s gains with Apple up 0.74%, Nvidia (NVDA) gaining 1.38%, and Broadcom (AVGO) rallying 4.79%. Tesla (TSLA), Amazon (AMZN), Alphabet (GOOGL), and Meta Platforms (META) are also up today, which makes sense as each of them is tied to AI.
How to Invest in the S&P 500
There’s no way for investors to take a direct stake in the S&P 500 as it’s only an index. Instead, they might consider buying shares listed on it. Picking up tech stocks as they rally might not be a bad idea if traders expect additional recovery.
Buying shares of an exchange-traded fund (ETF) that tracks the SPX index is another option. That includes ETFs for betting on or against the S&P 500. One popular pick is the SPDR S&P 500 ETF Trust (SPY) but there are plenty to choose from.
