S&P 500 and Nasdaq Reach Record Highs as Tech Stocks Extend Rally

U.S. stocks advanced on Thursday, with the S&P 500 and Nasdaq Composite both touching fresh record highs in afternoon trading as investors continued to pile into technology shares. The rally was led by heavyweight names including Nvidia and Tesla, which helped lift the broader market despite lingering concerns about inflation and the outlook for interest rates.

The gains reflected renewed confidence in corporate earnings, with traders appearing more focused on strong company results than on recent economic uncertainty. The S&P 500 and Nasdaq each pushed to new all-time highs, underscoring the strength of the tech-led advance that has dominated markets in recent sessions.

The Dow Jones Industrial Average also moved higher, rising 0.5% as gains broadened beyond the technology sector. Market sentiment remained upbeat even as investors continued to monitor inflation data and the Federal Reserve’s policy path.

Analysts said the latest move suggests investors are willing to look past macroeconomic worries for now, especially when supported by solid earnings and continued enthusiasm around artificial intelligence and electric vehicles. Still, some strategists cautioned that elevated valuations could make the market more vulnerable to any shift in expectations.