The S&P 500 and the Nasdaq Composite rose on Monday to more than one-week highs, boosted by a rally in semiconductor stocks and a report that suggested the incoming Trump administration could adopt a less aggressive tariff stance than expected.

The Nasdaq is home to many of the best growth stocks in the world. But to join the Nasdaq 100 index is particularly exclusive, since as the name implies, it contains the top 100 (nonfinancial) stocks on the exchange.

The Roundhill Magnificent Seven ETF, which holds Nvidia, Apple Inc., Microsoft Corp, Google parent Alphabet Inc., Amazon.com Inc., Tesla Inc. and Facebook parent Meta Platforms Inc, was up 2.3%, according to FactSet data, at last check. That exceeded the S&P 500’s 1.3% rise.

Live Updates Nasdaq Composite Off Its Daily Highs 2:10 pm The Nasdaq Composite has fallen from its highs today but is still up about 1% as of 2:10 p.m. ET. Information Technology stocks are up 1.42%.

Apple, Amazon and Tesla did not end the year with new 52-week highs. These most actively traded NYSE stocks hit highs earlier in December and then their prices began fading away again. On the other hand, a few Nasdaq stocks, not so widely followed, managed to make it up to new highs during the final session of the year.