S&P 500 and Nasdaq surge to record highs after AI chipmaker rally

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The S&P 500 and Nasdaq closed at record highs, supported by a rally in AI chipmakers and lower US Treasury yields. The gains came despite concerns about instability in the US economy.

S&P tops 7,800 for first time in history as investors optimistic despite signs of instability in US economy The S&P 500 and Nasdaq closed at a record high after a rally around AI chipmakers and a dip in US treasury yields. At market’s close, the S&P 500 was up 0.58%, topping 7,800 for the first time in its history. The tech-heavy Nasdaq index rose 0.45%, while the Dow, which is slightly down from its record high in August, climbed 0.49%. Continue reading...