US stock market rally to new highs: Dow hits record, S&P 500 and Nasdaq reach all-time highs as Nvidia and Micron jump ahead of bigger-than-expected Fed rate cut after jobless claims rise
U.S. stocks are holding near record highs today as investors weigh rising inflation, AI-driven tech gains, and mixed economic signals. The S&P 500 and Nasdaq are leading the rally, boosted by strong performances from Nvidia, Micron, Apple, and Microsoft, which are benefiting from growing interest in artificial intelligence and cloud innovations. Meanwhile, consumer prices remain elevated, and subtle shifts in the labor market, including rising jobless claims, are adding caution for investors.
