S&P 500 Hits New Record Due to Strong Economic Data and Chip Stock Surge

Reported 11 days ago

U.S. stock markets experienced a significant boost, with the S&P 500 closing at a record high of 5,745.39, thanks in part to positive GDP growth data and strong earnings from Micron Technology. The Dow Jones rose 0.62%, and the tech-heavy Nasdaq also saw gains. Investors reacted favorably to new stimulus measures announced by China to support its economy, while other chip manufacturers like AMD and Qualcomm benefited from Micron's strong performance. Upcoming economic reports are expected to further influence market trends.

Source: YAHOO

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