Tech Stocks Propel Nasdaq and S&P 500 to Record Highs
TL;DR
U.S. stock futures were mostly flat on Thursday as investors awaited labor market data, with Nasdaq futures slightly up due to gains in Nvidia. The tech sector's recent rally, driven by AI-related stocks, has boosted market optimism. Nvidia's continued rise, following its recent milestone of surpassing $3 trillion in market valuation, has been a significant contributor to the S&P 500's year-to-date gains. Traders are increasingly betting on potential Federal Reserve rate cuts later this year.
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