S&P 500 and Nasdaq surge to record highs after AI chipmaker rally
S&P tops 7,800 for first time in history as investors optimistic despite signs of instability in US economy
TL;DR
- S&P 500 and Nasdaq reached record highs.
- Rally driven by AI chipmakers like Marvell Technology, AMD, and Broadcom.
- Investor optimism about the Federal Reserve maintaining interest rates.
- US bond yields reached recent highs before dipping.
- High energy prices remain a concern for American consumers.
- Donald Trump claims the nation is doing better and gas prices will fall.