US Tech Stocks Rally as Dollar General and Veeva Systems Gain on Earnings

Key Facts

1Major US stock indices traded higher, with the NASDAQ climbing 1.05% led by a 2.4% jump in tech shares.

2Dollar General shares gained 5% following the release of upbeat second-quarter earnings results.

3Shares of Veeva Systems and Okta rose during the trading session.

In a move reflecting renewed investor confidence, major US stock indices traded higher on Thursday, primarily driven by a surge in the technology sector. The NASDAQ composite climbed 1.05%, bolstered by a 2.4% jump in tech shares. This upward movement followed a series of positive corporate earnings surprises that helped offset broader market concerns and weakness in consumer staples.

Per market data, Dollar General shares gained 5% after the retailer released upbeat second-quarter earnings, with the stock closing at $125.33 (as of August 24, 2026). Similarly, shares of Veeva Systems and Okta saw significant gains during the session. These moves highlight a robust reaction to financial reports from large-cap retail and tech firms, which provided a necessary boost to overall market sentiment.

At the close of August 26, 2026, VEEV was priced at $246.28, having reached a day high of $247.7. Investors will be watching if these gains can be sustained, especially as the recent economic calendar showed mixed signals such as the US Services PMI reaching 56.8 on August 21. Market participants remain focused on whether these earnings-driven rallies can establish firm support levels in the coming sessions.