Dow Retakes 50,000 as AI Surge Drives Major Indices to Record Highs
The Dow Jones Industrial Average reclaimed the 50,000 level, while the S&P 500 and Nasdaq reached fresh records fueled by a resurgence in AI trades. Key drivers included a surge in Nvidia's market cap to $5.7 trillion, a 15% jump for Dell, and gains from Qualcomm, HP, and Workday. The S&P 500 notably marked its longest weekly winning streak since 2023. While enthusiasm remains high following Nvidia's first-quarter earnings and the market debut of Cerebras, some analysts suggest investors look beyond infrastructure. Meanwhile, broader geopolitical tensions persist as President Trump returns from a Beijing summit with ambiguous results regarding Taiwan arms sales and the Strait of Hormuz.
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Stock market today: Dow retakes 50,000 level, S&P 500 and Nasdaq surge to fresh records as AI trade roars back
The S&P 500 (^GSPC) and Nasdaq ... the Dow Jones Industrial Average (^DJI) retook 50,000. Nvidia’s (NVDA) market cap reached a record $5.7 trillion on Thursday as the AI chip heavyweight’s stock surged more than 4%. Competitor Cerebras (CBRS) began trading on Thursday afternoon under the ticker symbol CBRS, surging above its IPO price. ... Enthusiasm over the AI trade has sent the ...
All three of the major averages (^DJI, ^IXIC, ^GSPC) ended Friday's session in positive territory — the Dow Jones Industrial Average leading the way and rising 294 points — managing to close out the trading week with gains. This comes after Nvidia (NVDA) reported first quarter earnings ...
FOCUS ON TAIWAN: Xi warned Trump ... to Beijing's view of the talks. En route to Alaska after the summit, Trump said he has not made a decision on whether to proceed with a $14 billion arms sale to the democratic island. OPENING HORMUZ: The U.S. assessments focused on trade and Iran. Trump discussed the Iran war and the blockade of the Strait of Hormuz with Xi, Secretary of State Marco Rubio told NBC News, adding that ...
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