Stock Market Today: Nasdaq ends at a record high; S&P 500 not far behind as falling oil prices fuel a stock rally
The Nasdaq Composite reached a record high as artificial intelligence bets surged and chipmakers rallied. The S&P 500 also gained, recording its best day since early August. Market growth was supported by a slide in oil prices and tumbling bond yields. While tech stocks powered the surge, the Dow Jones Industrial Average recently posted its third straight losing week. Traders are currently monitoring preparations for a potential meeting between Donald Trump and Xi Jinping.
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- ✓ The Nasdaq Composite hit a record high.
- ✓ AI-related trades and chipmakers powered the market rally.
- ✓ The S&P 500 recorded its best day since early August.
What changed
The Nasdaq Composite reached a record high driven by AI-related chipmaker gains.
Live updates
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Nasdaq Hits Record High as AI Trade and Falling Oil Prices Lift Markets
The Nasdaq Composite reached a record high as artificial intelligence bets surged and chipmakers rallied. The S&P 500 also gained, recording its best day since early August. Market growth was supported by a slide in oil prices and tumbling bond yields. While tech stocks powered the surge, the Dow Jones Industrial Average recently posted its third straight losing week. Traders are currently monitoring preparations for a potential meeting between Donald Trump and Xi Jinping.
Why it matters
Falling oil prices followed a U.S. statement that shipments through the Strait of Hormuz reached a six-month high. The rally reflects a return of AI euphoria among investors. Market volatility persists as traders weigh geopolitical summits against recent Dow losses.
What is confirmed
- The Nasdaq Composite hit a record high.
- AI-related trades and chipmakers powered the market rally.
- Oil prices declined.
- The S&P 500 recorded its best day since early August.
- The Dow posted three consecutive losing weeks.
Still unconfirmed
- Shipments through Hormuz are at a six-month high.
- A summit between Trump and Xi is being prepared.
What to watch next
- Confirmation of the Trump-Xi meeting date and agenda
- Further movement in bond yields
- U.S. government updates on Hormuz shipping volumes
confidence 90%Sources used for this update (15)
- CNBC — Stock futures rise slightly after Dow posts third straight losing week: Live updates
- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures rise as oil falls, anticipation builds for Trump-Xi summit
- MarketWatch — Stock Market Today: Dow, S&P 500 and Nasdaq set to climb as oil prices fall following U.S. statement that shipments through Hormuz at six-month high
- Yahoo Finance — Equity Futures Rise Pre-Bell as Traders Look Ahead to Potential Trump-Xi Meeting
- Bloomberg.com — US Stock Futures Climb Ahead of Trump-Xi Meeting as Oil Slips
- Reuters — Wall St opens higher as AI stocks advance, oil slides
- NBC News — Tech stocks power market surge as bond yields and oil prices tumble
- WSJ — U.S. Stocks Rise, Nasdaq Hits Record, as Oil Slides, AI Bets Surge
- CNBC — Stock futures are little changed after S&P 500 posts best day since early August: Live updates
- cnbc.com — Trump-Xi summit preparations, outlets fight White House ban, Nissan's U.S. ambitions and more in Morning Squawk
- Yahoo Finance — Update: Nasdaq Composite Rallies to Record as AI Trade Lifts Chipmakers
- Investing.com — U.S. stock futures upbeat after AI rally, falling oil boost Wall St
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