Wall Street barreled to all-time highs as its frenzy around artificial-intelligence technology keeps sending stocks higher.
The S&P 500 jumped 1.2 percent Wednesday to beat its record set two weeks ago. The Nasdaq composite rallied even more, 2 percent, to set its own all-time high. The Dow Jones Industrial Average, which has less of an emphasis on tech, lagged the market with a gain of 0.2 percent.
The rally sent the total market value of Nvidia, which has become the poster child of the AI boom, above $3 trillion for the first time. Treasury yields eased following mixed data on the economy.
On Wednesday:
The S&P 500 rose 62.69 points, or 1.2 percent, to 5,354.03.
The Dow Jones Industrial Average rose 96.04 points, or 0.2 percent, to 38,807.33.
The Nasdaq composite rose 330.86 points, or 2 percent, to 17,187.90.
The Russell 2000 index of smaller companies rose 29.93 points, or 1.5 percent, to 2,063.87.
For the week:
The S&P 500 is up 76.52 points, or 1.4 percent.
The Dow is up 121.01 points, or 0.3 percent.
The Nasdaq is up 452.89 points, or 2.7 percent.
The Russell 2000 is down 6.25 points, or 0.3 percent.
For the year:
The S&P 500 is up 584.20 points, or 12.2 percent.
The Dow is up 1,117.79 points, or 3 percent.
The Nasdaq is up 2,176.55 points, or 14.5 percent.
The Russell 2000 is up 36.80 points, or 1.8 percent.
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