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Market Watch: S&P 500 Nears Record High as Tech Stocks Gain Amid Ceasefire Optimism
Market Watch: S&P 500 Nears Record High as Tech Stocks Gain Amid Ceasefire Optimism
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BTCCSquare news:
U.S. equities showed mixed performance as the S&P 500 hovered NEAR all-time highs, buoyed by a tech-led rally following the Israel-Iran ceasefire. The Dow Jones Industrial Average fell 0.35%, while the Nasdaq Composite edged up 0.24%. Market sentiment stabilized after geopolitical tensions eased, with crude oil prices rebounding 2% to $65 per barrel.
Nvidia emerged as a standout performer, climbing 3.4% to approach its January peak. The chipmaker's $3.71 trillion market capitalization now surpasses Microsoft's, fueled by Bank of America's endorsement of its AI leadership. This rally underscores the market's continued appetite for growth-oriented assets.
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