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The S&P 500 climbed to a fresh record high, closing above 5,600 for the first time, marking its 37th record close of the year. This milestone was driven by gains in major tech stocks, particularly Nvidia, which also saw significant growth. The Nasdaq Composite also reached new heights, closing at 18,647.45. The Dow Jones Industrial Average rose to 39,721.36, up 1.09%. The market's performance was buoyed by Federal Reserve Chair Jerome Powell's testimony to Congress, which hinted at potential rate cuts. This has fueled optimism among investors, leading to a rally in the stock market. The S&P 500 has now achieved its longest winning streak since January, with six consecutive record closes. Investors are now looking ahead to the CPI data release tomorrow.
US stocks again soared to fresh all-time highs Wednesday as Powell's remarks to Congress buoyed rate-cut hopes and Big Tech piled on the gains. $GSPC had its 37th record close this year, breaching 5,600 for the first time $DJI jumped 1.1% $IXIC gained 1.2% https://t.co/4tyiyBO1ya
The S&P 500 climbed Wednesday to a fresh record, breaking above 5,600 for the first time, as a sharp rise in semiconductor stocks led the market higher. https://t.co/ZZWz5fYlXv
📈 In what has become the major market theme, shares of Nvidia and other tech heavyweights helped push the S&P 500 and Nasdaq to more record high closes. All three of Wall Street's main indexes gained more than one percent https://t.co/dsvFYSDEBa https://t.co/261Oa2F0no
