Tech Stocks Drive S&P 500 Higher to Mark 35th Record Close For 2025
Wall Street decided to bid up U.S. stocks–small and large– as investors rejoiced over a fragile trade truce between U.S., China and expectations of even lower interest rates.
The three key stock indexes: S&P 500, Dow, and Nasdaq all hit records. The S&P 500, which closed up 1.2%, has marked its 35th record for 2025, the most out of the three. Dow settled 0.7% higher, Nasdaq was up 1.9%.
Gains spilled over to the market’s smaller companies too, with the Russell 2000, representing small-cap stocks, rising a more modest 0.3% in late afternoon trading.