AI optimism lifts S&P 500 and Nasdaq to fresh records on AMD results
U.S. stocks rose, with the S&P 500 and Nasdaq hitting new records as AI-driven optimism and AMD’s earnings sparked a broader rally in technology names and the overall market.
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Record Highs
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S&P 500 clears 7,000 for first time as Nasdaq hits record on broad rally
U.S. stocks rallied, with the S&P 500 closing above 7,000 for the first time and the Nasdaq hitting a record, as investors moved past earlier Iran-war losses and broadened gains across tech and growth names.
Heat wave expands to 17 states, threatening widespread daily temperature records
Seventeen states could break daily temperature records on Wednesday as a West-to-central U.S. heat wave expands, with Phoenix possibly reaching 100°F and multiple cities hitting 90s. Forecasters warn of elevated wildfire risk due to strong winds and very low humidity, and the heat is expected to move east toward the East Coast by Friday, with more than 60 Western records and up to 200 additional daily records possible through Sunday.
Desert West Braces for Lengthy Heat Wave and Record-Breaking Temperatures
A persistent high-pressure system is driving a long-duration heat wave across the western U.S., pushing triple-digit temperatures and potentially shattering century-old records in cities like Phoenix; more than 600 daily highs and lows are expected to break records through mid-next week, with extreme heat warnings in effect from the Southwest to Phoenix as residents are urged to stay hydrated and avoid prolonged outdoor activity.
Record-breaking March heat sweeps California and Southwest
An anomalously early heat wave is boiling the western U.S., with Southern California highs reaching the 90s and parts of Arizona and Nevada in the triple digits as about 39 million people are under heat alerts. The National Weather Service says a high-pressure heat dome will drive daily record highs and likely extend through the week, raising concerns about heat risks, drought, wildfire potential, and water supply. The West is also contending with reduced snowpack, while a separate winter storm hits the Midwest and Hawaii endures heavy rains from an atmospheric river.
Stocks Rally to Fresh Highs as Powell Investigation Casts a Cautionary Shadow
U.S. stock indexes closed at or near records with the S&P 500 and Dow hitting new highs as tech and consumer shares led gains, even as Fed Chair Powell faces a criminal probe that injects caution into markets. Gold and silver surged to record-like levels amid a weaker dollar, while Alphabet’s market-cap milestone followed Apple’s plan to use Google’s Gemini for AI features, Walmart joined the Nasdaq-100, and a wave of earnings and 52-week highs underscored ongoing market activity.
Gold poised for weekly rise amid US data and market rebalancing
Gold prices are on track for a weekly gain of about 3.9%, reaching near record highs, driven by weaker-than-expected US job growth, geopolitical tensions, and expectations of Federal Reserve rate cuts, with projections of gold potentially surpassing $5,000 in 2026.
S&P 500 Hits Record Highs as AI Giant Returns to the Spotlight
The S&P 500 continued to hit record highs this week, while a major AI company experienced a setback, highlighting ongoing volatility and growth in the stock market.
Silver Surges Past $75 as Gold and Platinum Hit Record Highs
Silver surpassed $75 per ounce for the first time, while gold and platinum reached record highs, driven by expectations of U.S. Federal Reserve rate cuts, geopolitical tensions, and safe-haven demand, with prices poised for further gains amid market volatility and geopolitical developments.
Silver Surges Past $75 Amid Extended Rally
Gold, silver, and platinum reached record highs driven by expectations of U.S. rate cuts, geopolitical tensions, and supply-demand dynamics, with silver surpassing $75 for the first time and all metals experiencing significant weekly gains.
Stock Markets Reach New All-Time Highs Ahead of Christmas
The Dow Jones and S&P 500 reached new highs in a short trading session before the Christmas holiday, with broad market strength and notable stock performances, including Travere Therapeutics, Palantir, Nvidia, Google, and Tesla, indicating a positive market sentiment heading into the holiday period.
US Stocks Reach New Highs Amid Tech Rally and Fed Rate Anticipation
US stocks reached new highs with Nvidia leading gains ahead of the Fed's interest rate decision, amid strong earnings reports and optimism about AI industry growth, while gold prices fell and consumer confidence weakened.
Stock Market Hits Record Highs: Are We Ready?
The U.S. and global stock markets are hitting record highs, including bonds, gold, and cryptocurrencies, prompting investors to reassess their portfolios for risk as the market remains volatile with potential for sharp drops, despite optimistic forecasts and strong earnings.
Market Rally Continues Amid Tame Inflation and Tech Earnings
The stock market has continued to rally to new highs despite geopolitical and economic concerns, driven by strong corporate earnings, expectations of interest rate cuts, and enthusiasm for AI. Analysts remain optimistic but cautious, noting the market's high valuations and potential risks from a weakening labor market and US-China trade tensions. The rally may persist through the end of the year, with some experts seeing further gains despite inherent risks.
Stocks Reach New Highs as Inflation Data Boosts Market Confidence
Major stock indexes closed at new highs driven by a softer-than-expected CPI report, with IBM and AMD leading gains, and anticipation of interest rate cuts and upcoming Fed meeting.