Major U.S. indices closed at new record highs once again, led by the NASDAQ, which gained 0.80% on the session. The rally was broad-based, with notable strength in the technology sector, where several marquee names—including Nvidia, Apple, Broadcom, Microsoft, CrowdStrike, Micron, and Palantir—all ended the day at fresh record levels.
A key catalyst for the session came from Nvidia, which held its GTC Conference in Washington, D.C. CEO Jensen Huang delivered a dynamic keynote address highlighting the company’s expanding AI ecosystem and its growing role across industries. The presentation fueled a powerful move higher in Nvidia’s shares, which rose $9.54 (+4.98%) to $201.03, lifting its market capitalization to $4.89 trillion—just shy of the historic $5 trillion mark.
Tomorrow after the close, Microsoft, Meta, and Alphabet will report their earnings. On Thursday, Amazon and Apple will report. Of course tomorrow the Federal Reserve rate decision will be announced with expectations of a 25 basis point cut.
A snapshot of the closing levels today shows:
- Dow industrial average rose 161.70 points or 0.34% at 47706.37.
- S&P index rose 15.73 points or 0.23% at 6890.89.
- NASDAQ index rose 190.04 points or 0.80% at 23827.49.
The small-cap Russell 2000 fell -13.70 points or -0.55% at 2506.65.
This article was written by Greg Michalowski at investinglive.com.