U.S. Stock Indexes Reach New Highs on Tech Gains, Broadcom's Impact

Reported 8 months ago

U.S. stock indexes closed at record highs on Monday, with the S&P 500 rising 0.8% to a new peak, the Nasdaq climbing 1% to set its own record, and the Dow Jones Industrial Average also gaining. Broadcom's strong performance and the frenzy around AI boosted the market, offsetting pressure from higher Treasury yields. The S&P 500 closed at 5,473.23, the Dow Jones at 38,778.10, the Nasdaq at 17,857.02, and the Russell 2000 at 2,022.01. Year-to-date, the S&P 500 is up 14.7%, the Dow 2.9%, the Nasdaq 19%, and the Russell 2000 down 0.3%.

Source: YAHOO

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