S&P 500 and Nasdaq soar to file highs

It seems there may be nonetheless extra room on the AI hype practice.

US equities had been combined earlier however a touch of a softening of the US economic system (ie price cuts) and it was proper again to the races. The S&P 500 is up 32 factors to a file 5128 and the Nasdaq Composite simply broke the 2021 excessive.

These are some lofty numbers and lofty strikes.

it is no shock to see chipmakers on the prime of the checklist right this moment with Broadcom, WD, Micron and AMD inthe top-8 gainers within the S&P 500. NVDA has additionally added one other 3.3%

The transfer hasn’t occurred with out some considerations as Apple shares are down 1% and Wynn Resorts are down 4%. That factors to shopper weak point.

I’d argue that the flip of the month could also be liable for among the shopping for as new cash goes to work in what’s historically the robust March-April seasonal interval.