S&P 500 and Nasdaq Hit Records in Broad Rally
The S&P 500 rode a broad market rally, supercharged by artificial intelligence stocks, to join the Nasdaq Composite in marking a record close on Thursday.
The market benchmark rose 0.3% to hit its first record close since Friday, based on preliminary numbers. The Nasdaq built on yesterday’s record with a gain of 0.1%. The Dow Jones Industrial Average rose 192 points, or 0.4%, to get within striking distance of its Dec. 4 record.
The vast majority of S&P 500 stocks were on the rise in the absence of major economic or trade headlines. Wall Street was once again piling into AI stocks like Nvidia, suggesting the trend has more than recovered from concerns about DeepSeek and tariffs earlier in the year.