Dow Jones adds 96 points, S&P 500, Nasdaq at record highs
The Standard and Poor 500 index experienced a solid rise gaining 6269 points to close at 535403 a new record highampnbsp
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The Standard and Poor 500 index experienced a solid rise gaining 6269 points to close at 535403 a new record highampnbsp
The S&P 500 and Nasdaq indexes hit record intraday highs on Wednesday, driven primarily by technology stocks. Economic data supported expectations of Federal Reserve rate cuts. Emerging reports hinted at labor market easing and potential rate reductions. These movements were further influenced by strong performances from companies like Nvidia, Hewlett Packard Enterprise, and CrowdStrike Holdings.
Investors took in an improved outlook for Fed rate cuts, sending the S&P 500 to a fresh record.
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Tech firms Nvidia and Apple each closed with market caps at or above $3 trillion, which caused the S&P 500 Index and Nasdaq to close at record highs.