From Nasdaq:

The S&P 500 reached a record high close, confirming the bull market. The index had tumbled 25% before reaching this new high and climbed by 1.23% on Friday to 4,839.81 points. The Philadelphia SE Semiconductor index rose by 4% and technology sector index by over 2%. Source: Reuters.

Tech stock rally drove S&P 500 to new heights, led by Nvidia and Advanced Micro Devices which climbed 4.2% and over 7% respectively. Wall Street’s volume high at 12.3 billion shares and Philly Semi Index soared 4%, while Nasdaq gained 1.70% and Dow Jones rose 1.05%. Source: Reuters.

Optimism around ARTIFICIAL INTELLIGENCE drove the S&P 500 to record high close Companies reporting quarter results will influence its sustainability as share prices may go up or down after Netflix and Tesla reports. Interest rate traders now see a 52% chance of a March rate cut. Source: Reuters.

Some winners on the stock market: Travelers Cos, State Street, and Spirit Airlines jumped, while iRobot slumped after EU’s competition watchdog plans to block Amazon.com’s $1.4-billion acquisition. Advancing issues outnumbered falling ones within the S&P 500. Source: Reuters.

On Friday, the S&P 500 finally reached a new record high close, confirming the onset of a bull market and marking a significant milestone for stock investors. In recent weeks, Wall Street had been more cautious, but strong corporate earnings reports could sustain this new high. Source: Reuters.



Read more: US STOCKS-S&P 500 notches first record high close in 2 years; chipmakers soar