Stock Market Today: S&P 500 approaches fresh record high; Dow and Nasdaq climb as tech stocks rebound
The S&P 500 and Nasdaq hit record highs as tech stocks rebound, despite elevated bond yields. The Dow Jones also climbed. US stocks have shrugged off bond market turmoil, with investors awaiting next week's earnings from major banks to justify record valuations.
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- ✓ US stocks hit record highs, shrugging off bond market turmoil.
- ✓ The S&P 500 and Nasdaq hit records.
- ✓ Stocks continued to march higher despite elevated bond yields.
What changed
The S&P 500 and Nasdaq hit fresh records, with tech stocks rebounding.
Live updates
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S&P 500 approaches fresh record high
The S&P 500 and Nasdaq hit record highs as tech stocks rebound, despite elevated bond yields. The Dow Jones also climbed. US stocks have shrugged off bond market turmoil, with investors awaiting next week's earnings from major banks to justify record valuations.
Why it matters
The stock market's performance is significant as it indicates investor confidence amid economic uncertainty. Elevated bond yields have been a concern, but stocks have continued to rise. The market is now awaiting major banks' earnings reports to assess the sustainability of current valuations.
What is confirmed
- US stocks hit record highs, shrugging off bond market turmoil.
- The S&P 500 and Nasdaq hit records.
- Stocks continued to march higher despite elevated bond yields.
Still unconfirmed
- OpenAI's revenue is running notably below earlier estimates.
- Franklin Templeton CEO Jenny Johnson reportedly flagged 'very complex' AI debt financing.
What to watch next
- next week's earnings from major banks
- evolution of bond yields
- impact of AI stocks
confidence 90%Sources used for this update (13)
- www.zerohedge.com — S&P Set To Open At Record High As Oil Slides, Bond Rout Takes A Breather | ZeroHedge
- CNN — US stocks hit record high, shrugging off bond market turmoil
- finance.yahoo.com — Stock market today: S&P 500, Nasdaq hit record highs as ...
- Reuters — COMMENTARY: Morning Bid: Storm brewing
- Yahoo Finance — S&P 500, Nasdaq hit records — but 'the breadth of the rally has narrowed': Chart of the Day
- finance.yahoo.com — Stock market today: Dow falls, S&P 500 and Nasdaq retreat from records amid bond market jitters
- pro.thestreet.com — OpenAI Revenue Report Sinks AI, but the Rest of the Market Holds Up
- AP News — World shares are mostly higher and crude prices fall after an unsettled day on Wall St
- stocktwits.com — Franklin Templeton CEO Jenny Johnson Reportedly Flags ‘Very Complex’ AI Debt Financing — Favors Sho....
- MarketWatch — Stock Market Today: S&P 500 approaches fresh record high; Dow and Nasdaq climb as tech stocks rebound
- economictimes.indiatimes.com — Dow Jones| Nasdaq | US Stock Market Today | Live: US stocks inch toward close of a record-breaking week
- stocktwits.com — Premarket Movers: CRWV, AMD And Other AI Stocks Rebound, SpaceX Deal Boosts Tower Shares
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