{
  "id": 12248247,
  "title": "AI-stock rally powers Nasdaq to record close",
  "url": "https://urgent.news/2026/10/05/ai-stock-rally-powers-nasdaq-to-record-close",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T22:51:06.000Z",
  "source": {
    "name": "Semafor",
    "slug": "semafor",
    "url": "https://www.semafor.com/article/10/05/2026/ai-investment-surges-adding-to-inflation"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Nasdaq closed at a record high on Monday, driven by gains in tech stocks, particularly Nvidia and Microsoft. According to RTHK News - Finance, Nvidia climbed 2.1 percent and reached a record-high close, boosting its stock market value to US$5.76 trillion. Microsoft added 1.5 percent, while Meta Platforms and Tesla gained about 2 percent each.\n\nThe S&P 500 also rose and was about 0.3 percent below its August 13 record high close. Weaker-than-expected US jobs data on Friday led investors to rule out a Federal Reserve interest rate hike this month, as reported by Free Malaysia Today.\n\nInvestors are now looking ahead to quarterly earnings reports, with third-quarter earnings season set to kick off next week with reports from large US banks. According to Art Hogan, chief market strategist at B Riley Wealth, investors are focusing on lower energy prices, as oil prices slipped after crude exports from the Middle East increased and the Group of Seven nations pledged to boost supplies. Analysts expect S&P 500 earnings to jump over 30 percent year over year, largely due to AI-related stocks, as per LSEG data.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}