"Tech Boom Propels S&P 500 and Nasdaq to Record Highs"
TL;DR Summary
The stock market surged to new highs, with the S&P 500 and Nasdaq hitting records, driven by a tech-inspired rally and promising inflation data. Nvidia's market cap surpassed $2 trillion, while New York Community Bancorp faced a 26% stock drop due to a CEO exit and financial losses. Apple abandoned its car project to focus on artificial intelligence, while legacy media companies grappled with declining ad revenue and streaming profitability. Additionally, mortgage rates flirted with 7%, and Elon Musk sued OpenAI over its alleged shift towards profit-seeking.
- Stock market today: S&P 500 and Nasdaq hit fresh highs, Nvidia tops $2 trillion as rally rages on Yahoo Finance
- U.S. stocks end higher Friday, with S&P 500, Nasdaq closing at records MarketWatch
- Dow Jones Futures: Fall Nasdaq Hits Record Close As AI Chip Giant AMD Breaks Out; Dell Soars Investor's Business Daily
- Nasdaq and S&P 500 soar to record highs as markets appear unsinkable CNN
- S&P 500, Nasdaq Hit Record Highs Amid Tech Boom Forbes
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