S&P 500 and Nasdaq Reach Record Highs as Nvidia Fuels Tech Rally

U.S. stocks climbed to fresh records on Wednesday, with the S&P 500 and Nasdaq Composite both hitting all-time highs in afternoon trading as technology shares extended their recent advance. The rally was led by Nvidia, which rose more than 3% as investors continued to bet on strong demand tied to artificial intelligence.

The gains reflected broad optimism across the market, even as traders remained mindful of lingering inflation pressures and the potential implications for monetary policy. The Dow Jones Industrial Average also moved higher, rising about 0.4%, underscoring the strength of the broader market beyond technology.

Nvidia’s latest move added to its outsized influence on the major indexes, with enthusiasm around AI helping propel semiconductor and other growth-oriented stocks. The momentum came ahead of key central bank meetings, where investors are expected to look for clues on the path of interest rates.

Despite concerns that sticky inflation could keep policy restrictive for longer, markets appeared focused on corporate earnings strength and continued demand for artificial intelligence infrastructure. The session’s record-setting performance highlighted the resilience of U.S. equities, particularly in the technology sector, as investors balanced macroeconomic uncertainty against powerful growth themes.