From TradingView: 2024-06-05 16:18:04

The U.S. stock market soared to historic highs, with the S&P 500 and Nasdaq 100 closing at record levels, driven by investor confidence in AI-driven growth. Nasdaq hit a record high of 19,035 points, up 2% for the day. The Magnificent Seven tech giants reached a combined market valuation of $15 trillion.

Encouraging ISM Services PMI data signals strong economic growth. ADP report shows lower-than-expected employment growth with stalling wage growth. Small caps rallied, with the iShares Russell 2000 ETF up 1.5%. Chipmakers led the charge, with the VanEck Semiconductor ETF up 4.9%, and the Nasdaq 100 saw top gainers like Broadcom Inc. and NVIDIA Corporation.



Read more at TradingView: S&P 500, Nasdaq 100 Jointly Hit All-Time Highs, Nvidia Overtakes Apple As Second Most Valuable US Company — TradingView News