S&P 500, Nasdaq Close at Records as Nvidia Fuels Tech Rally

U.S. stocks climbed to fresh highs on Thursday, with the S&P 500 and Nasdaq Composite both setting new all-time records as investors piled into technology shares. The rally was led by Nvidia, which surged on continued optimism over demand for its artificial intelligence chips, reinforcing the market’s enthusiasm for companies tied to the AI boom.

The Dow Jones Industrial Average also advanced, supported by stronger-than-expected earnings from several major banks. Financial results from the sector helped steady broader sentiment and suggested that corporate profits remain resilient despite a mixed economic backdrop.

Markets largely looked past lingering concerns about inflation and the potential path of interest rates ahead of the Federal Reserve’s upcoming policy meeting. Traders appeared more focused on earnings momentum and the strength of large-cap technology stocks, which have been a key driver of the market’s gains this year.

The latest move underscores how a narrow group of heavyweight companies continues to shape Wall Street’s direction, with Nvidia once again at the center of investor enthusiasm. While questions remain about inflation and monetary policy, Thursday’s session showed that strong earnings and AI-related growth themes are still powerful forces in the market.