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S&P 500 Hits Record High on Nvidia’s $100B OpenAI Bet Amid Broader Market Rally
S&P 500 Hits Record High on Nvidia’s $100B OpenAI Bet Amid Broader Market Rally
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BTCCSquare news:
Equities surged to fresh peaks as Nvidia's seismic $100 billion commitment to OpenAI electrified markets. The S&P 500 climbed 0.5% to an all-time high, while the Nasdaq Composite and Dow Jones Industrial Average advanced 0.6% and 117 points respectively. Volatility spiked alongside the rally, with the VIX jumping 3% as Gold and Treasury yields also gained.
The AI investment shockwave overshadowed brewing political risks. Congressional gridlock threatens a government shutdown by September 30, with Senate leaders failing to advance temporary funding measures. Market momentum now hinges on whether Washington can avert a crisis while capitalizing on the AI-driven tech renaissance.
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