Wall Street Rallies: Dow and S&P 500 Set New Records
U.S. stocks closed higher across the board this week, with all three major indexes posting gains. The Dow Jones Industrial Average rose 0.48%, while the S&P 500 climbed 0.65%, both reaching record closing highs. The Nasdaq Composite advanced 0.81%, driven by a strong rebound in technology shares and renewed investor optimism.
Intel Jumps Over 10% on AI Hopes
Intel emerged as a standout performer, surging more than 10%—its highest level since March 2024. The rally followed positive sentiment around its latest chip developments and growing confidence in its role within the expanding AI infrastructure market.
- Dow and S&P 500 hit all-time highs
- Tech sector leads Nasdaq's upward momentum
- Intel's rally boosts semiconductor sentiment
- Investor appetite for equities strengthens
Supporting the rally are stable labor metrics, easing inflation, and expectations of a more accommodative Fed stance. While near-term volatility remains possible, the broader outlook for U.S. equities appears resilient and constructive.