"Nasdaq Soars as Microsoft Achieves Record High, Boosting Wall Street"

The Nasdaq led gains on Wall Street as Microsoft's shares reached a record high after hiring prominent artificial intelligence executives. The S&P 500's technology sector also benefited from the positive news, with other megacap stocks like Apple and Nvidia contributing to the sector's gains. Lower Treasury yields and a better-than-expected earnings season further supported the market. The Dow Jones Industrial Average rose 0.55%, the S&P 500 gained 0.70%, and the Nasdaq Composite added 1.05%. However, the defensive utilities sector was the biggest decliner. Investors are preparing for a potential year-end rally, with the market showing optimism about the behaving bond market and earnings reports.