U.S. stocks rose again, continuing Wall Street’s record-setting run.
The S&P 500 climbed 1% Wednesday, setting an all-time high for the 37th time this year and marking its first close above 5,600 points. The Dow Jones Industrial Average gained 1.1%, and the Nasdaq composite added 1.2% to its own record.
Big technology companies led the way again after a major chip supplier reported how much its revenue jumped in June. A frenzy around artificial-intelligence technology has been a major reason the U.S. stock market has climbed to records this year, as have hopes for coming cuts to interest rates.
On Wednesday:
The S&P 500 rose 56.93 points, or 1%, to 5,633.91.
The Dow Jones Industrial Average rose 429.39 points, or 1.1%, to 39,721.36.
The Nasdaq composite rose 218.16 points, or 1.2%, to 18,647.45.
The Russell 2000 index of smaller companies rose 22.28 points, or 1.1%, to 2,051.75.
For the week:
The S&P 500 is up 66.72 points, or 1.2%.
The Dow is up 345.49 points, or 0.9%.
The Nasdaq is up 294.69 points, or 1.6%.
The Russell 2000 is up 25.03 points, or 1.2%.
For the year:
The S&P 500 is up 864.08 points, or 18.1%.
The Dow is up 2,031.82 points, or 5.4%.
The Nasdaq is up 3,636.10 points, or 24.2%.
The Russell 2000 is up 24.68 points, or 1.2%.
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