#sp500andnasdaqhitrecordhighs
Driven by strong demand for artificial intelligence infrastructure and stabilizing crude oil prices, Wall Street’s bull run closed with a historic milestone, as both the S&P 500 and Nasdaq hit new all-time highs. The benchmark S&P 500 rose 0.58% to close at 7,818.93, breaking through resistance that had held since August. Energy and semiconductor stocks, including Marvell Technology and Constellation Energy, led the gains, with Constellation Energy surging 12.3% after reaching a major power supply agreement with Alphabet. Meanwhile, the tech-heavy Nasdaq Composite rose 0.45% to close at 27,599.79, setting another closing record, largely thanks to strong buying in six of the “Magnificent Seven” companies.
Driven by strong demand for artificial intelligence infrastructure and stabilizing crude oil prices, Wall Street’s bull run closed with a historic milestone, as both the S&P 500 and Nasdaq hit new all-time highs. The benchmark S&P 500 rose 0.58% to close at 7,818.93, breaking through resistance that had held since August. Energy and semiconductor stocks, including Marvell Technology and Constellation Energy, led the gains, with Constellation Energy surging 12.3% after reaching a major power supply agreement with Alphabet. Meanwhile, the tech-heavy Nasdaq Composite rose 0.45% to close at 27,599.79, setting another closing record, largely thanks to strong buying in six of the “Magnificent Seven” companies.