Tech stocks drive S&P 500 and Nasdaq to record highs on enthusiasm for artificial intelligence.

From Investing.com: 2024-06-17 19:01:37

Technology shares led the S&P 500 and Nasdaq to record highs on Monday, driven by enthusiasm for artificial intelligence. Apple and Microsoft rebounded, with Apple announcing new AI features. Broadcom, Micron, and Taiwan Semiconductor also rose on price target raises. Despite Nvidia slipping, overall tech strength pushed the market up. The Fed may cut rates once this year, with Fed officials speaking this week. Economic data and speeches will provide further insight, with markets closing Wednesday for Juneteenth. The S&P 500 hit a new high, with Autodesk jumping on investor news. Volume was slightly below average.



Read more at Investing.com: S&P 500, Nasdaq hit record closing highs ahead of data, Fed comments By Reuters