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

U.S. stocks climbed to fresh records in late trading as a renewed surge in technology shares pushed the S&P 500 and Nasdaq Composite to all-time highs. The rally was led by heavyweight names including Nvidia and Tesla, as investors continued to bet on artificial intelligence growth and a more favorable backdrop for global trade.

The Dow Jones Industrial Average also advanced, helped by gains in financial stocks, though it lagged the broader market’s tech-driven momentum. Sentiment remained resilient despite a mixed batch of economic data, with traders appearing more focused on the prospect of Federal Reserve interest rate cuts later this year.

Optimism around easing trade tensions added to the upbeat tone, reinforcing demand for risk assets. The latest move extends a powerful run for large-cap technology companies, which have been central to this year’s market gains as investors reward firms seen as best positioned to benefit from AI investment and continued earnings growth.

While some analysts have warned that elevated valuations could make the market vulnerable to pullbacks, buyers remained in control as the session ended, underscoring the strength of the current rally.