S&P 500 and Nasdaq Reach Record Highs as Tech Rally Extends

The S&P 500 and Nasdaq Composite climbed to fresh all-time highs in afternoon trading as a powerful rally in technology shares continued to lift Wall Street. Gains in heavyweight names including Nvidia and Tesla helped drive the advance, with investors remaining upbeat about the outlook for artificial intelligence and related spending trends.

The broader market also showed resilience. The Dow Jones Industrial Average rose modestly, up about 0.3%, as stocks across multiple sectors participated in the move higher. Market breadth was generally constructive, suggesting the rally was not limited to a narrow group of mega-cap technology companies.

Investor sentiment appeared largely unfazed by rising Treasury yields, which have recently added pressure to interest-rate-sensitive assets. Traders instead focused on the strength of corporate earnings expectations and continued enthusiasm around AI-driven growth.

Attention now turns to upcoming inflation data, which could influence expectations for Federal Reserve policy and shape the next move in bond yields. For now, however, equities remain supported by strong momentum in the tech sector and persistent demand for risk assets.