Wall Street: US-Börsen notiert im Plus – S&P 500 auf Rekord

The US stock market is driven by technology stocks, with Nvidia leading the way to record highs on Wall Street. Major US indices are opening in the green, with the Dow Jones of blue-chip stocks opening slightly higher at 51,429 points. The broader S&P 500 gains 0.7 percent, reaching 7,828.71 points – a record high. The technology-focused Nasdaq climbs 0.8 percent to 27,688 points, including its Nasdaq 100 index, an index of the 100 largest non-financial companies by market capitalization, which is also up 0.7 percent at 31,264 points.

Nvidia's stock is trading at $241.51, marking a record high, buoyed by an optimistic outlook for earnings and a record share buyback. The company approaches a $6 trillion market capitalization and remains the world's most valuable company. Analysts Blue Chip Daily's Larry Tentarelli notes that "once interest rate hikes become probable, money flows into these tech stocks because they are more resilient to interest rate hikes."

Market analysts point to the expectation of only one interest rate hike this year, making technology stocks a comparatively safer haven against rising interest rates. Senior Financial Market Analyst Kyle Rodda from capital.com explains, "The slight reduction in uncertainty around the interest rate outlook and a slight easing of geopolitical tension, evident in a drop in oil prices, have allowed market participants to focus on the extraordinary profit growth in the AI sector."