US stocks: S&P 500 hits intraday record high as AI rally continues
Optimism around the AI trade and expectations of strong corporate earnings have helped lift US stocks lately
On Tuesday, October 6th, the S&P 500 index briefly reached an all-time high as optimism surrounding the artificial intelligence sector and expectations of strong corporate earnings lifted technology stocks. The tech-heavy Nasdaq also saw record highs during the session. Despite higher energy prices and a volatile summer for bond markets, causing concerns about tighter monetary policy, the broader market remained optimistic.
Major indices, including the Dow Jones Industrial Average and the Nasdaq Composite, experienced gains on the day.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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