Reported about 1 year ago
US stocks hit new highs with the S&P 500 and Nasdaq reaching records, driven by Nvidia surpassing Microsoft as the most valuable public company. The S&P 500 closed up 0.3%, securing its 31st record of the year, while the Nasdaq hovered near flatline for its seventh straight record close. Nvidia's stock rose over 3.5%, hitting a market cap over $3.34 trillion, while Microsoft slid to around $3.32 trillion. Tech stocks led the AI-driven rally, but May's retail sales disappointments and Fed commentary on potential rate cuts added caution amidst the bullish sentiment.
Source: YAHOO