S&P 500 closes at record high with surge in chipmakers and China-facing stocks
From Google: 2024-09-26 18:23:31
The S&P 500 closed at a record high on September 26, 2024, driven by surges in chipmakers and China-facing stocks. The market ended at 491.57, up 12.39 points (2.59%) from the previous day. This marks a significant increase and shows positive momentum in the market.
Chipmakers and China-facing stocks were the main drivers of the market surge. Companies like Intel and Nvidia saw significant gains, while Chinese tech giants like Tencent and Alibaba also experienced a boost. This sector-specific growth played a major role in pushing the S&P 500 to a record high.
Investors are optimistic about the future performance of chipmakers and companies with exposure to China. With increasing demand for tech products and services globally, these sectors are expected to continue their strong performance. This positive outlook is driving investor confidence and fueling the market’s upward trajectory.
Read more at Google: Markets News, September 26, 2024: S&P 500 Closes at Record High as Chipmakers, China-Facing Stocks Surge – Investopedia