S&P 500, Nasdaq Close at Records as Tech Stocks Extend Rally

The S&P 500 and Nasdaq Composite climbed to fresh record highs in late trading as a powerful rally in technology shares continued to lift Wall Street. Gains in Nvidia and Tesla helped drive the advance, with investors betting that artificial intelligence demand and improving sentiment around trade policy could support further upside in the sector.

The Dow Jones Industrial Average also moved higher, buoyed by strength in financial stocks and broader market optimism. The latest gains came even as economic data remained mixed, suggesting investors are placing greater weight on corporate fundamentals than on short-term macroeconomic uncertainty.

Market participants appeared largely unfazed by signs of uneven growth, instead focusing on resilient earnings and expectations that major companies can continue to deliver solid results. The tech-heavy Nasdaq has been especially supported by enthusiasm around AI-related spending, while large-cap growth stocks have remained a key source of momentum for the broader market.

Analysts said the rally reflects continued confidence in the earnings outlook, though some cautioned that valuations are becoming increasingly stretched after the recent run-up. Still, with major indexes at record levels, investors are showing little sign of stepping back from the market’s dominant growth trade.