NEW YORK — The S&P 500 index climbed 1.5 percent today, closing at 7,365 and establishing a new all-time high. The Nasdaq Composite rose 2.0 percent to 25,839, extending its record-setting run for the third consecutive session as technology stocks led the charge. The Dow Jones Industrial Average added 1.2 percent, finishing at 49,911.
Corporate earnings reports continued to fuel the rally, with several key technology companies posting gains. Nvidia shares surged 5.7 percent to $207.83, building on sustained demand for its AI infrastructure and chips. Alphabet gained 2.4 percent to $398.04, reflecting strong performance across its advertising and cloud computing segments. Tesla increased 2.4 percent to $398.73, buoyed by recent production milestones and optimistic delivery outlooks.
Other mega-cap tech names also contributed to the market's advance. Apple rose 1.2 percent to $287.51, following positive analyst commentary on upcoming product cycles. Meta Platforms gained 1.3 percent to $612.88, as advertising revenue trends remained strong. Microsoft added 0.6 percent to $413.96, and Amazon climbed 0.5 percent to $274.99.
Investor optimism also increased on reports suggesting a de-escalation of geopolitical tensions involving Iran, providing a tailwind for global equity markets. This perceived reduction in regional risk lowered uncertainty across various asset classes, prompting a shift toward more aggressive investment strategies.
The Russell 2000 index, tracking small-cap stocks, rose 1.5 percent to 2,887, indicating a broader market advance beyond just large-cap technology firms. This broad-based strength suggests growing confidence in the overall economic outlook and the trajectory of corporate earnings for the remainder of the year.
