S&P 500, Nasdaq Close at Record Highs as Tech Stocks Extend Rally

The S&P 500 and Nasdaq Composite closed at fresh all-time highs as a powerful rally in technology shares continued to lift U.S. equities. Gains in heavyweight names such as Nvidia and Tesla helped drive the advance, with investors remaining optimistic about the long-term prospects for artificial intelligence and related infrastructure spending.

The Dow Jones Industrial Average also finished higher, though its move was more modest, rising 0.3% on the session. Broader market sentiment appeared resilient despite a rise in Treasury yields, which typically pressures stock valuations by increasing borrowing costs and reducing the appeal of risk assets.

Investors seemed largely focused on the strength of the tech sector and the momentum behind AI-related trades, setting aside concerns about interest rates for the time being. Attention now turns to upcoming inflation data, which could influence expectations for Federal Reserve policy and shape the market’s next move.

The latest record closes underscore how concentrated much of the market’s recent strength has been in a handful of large-cap technology companies, even as other sectors have posted more mixed performance.