US Stock Market Closes Higher With Nasdaq Hitting Record High Driven by Tech and Semiconductor Gains
About this episode
The US stock market closed higher with the NASDAQ hitting a record high, driven by gains in tech and semiconductors.
Listeners, yesterday the US stock market closed higher across major indices. The Dow Jones Industrial Average rose 255 points, or 0.52 percent, to 49,404.52, according to Markets Insider data[2]. The S and P 500 gained 61 points, or 0.87 percent, to 7,125.23[2], while the NASDAQ Composite advanced 348 points, or 1.43 percent, to 24,608.03, also hitting a record high[2]. Big tech and semiconductors led the charge, with the Philadelphia Stock Exchange Semiconductor Index up over 2 percent, as Bloomberg reports[3]. Key drivers included optimism around AI and an extension of the Iran truce, pushing stocks near records despite oil surging on West Texas Intermediate crude[3]. Dr Horton, America's largest home builder by volume, reported mixed quarterly numbers but surged nearly 6 percent[1]. Market highlights featured strong trading in tech names, with Tesla up 0.6 percent ahead of earnings[3]. Sectors saw semiconductors as top gainers, while energy moved higher without rattling equities[3]. Volatility index, or VIX, dipped 1.23 percent to 19.26[2]. Pre-market futures point to a mixed open today. Watch Tesla earnings closely, along with ongoing Iran developments and the next batch of…
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- S&P 500 Hits Record High Led by Tech and Financial Stocks as Market Gains Steam
- Tech Stocks Lead Mixed Market Close as Intel Surges 26 Percent on Earnings Beat
- Stock Market Falls on Iran Tensions and Mixed Earnings Dow Jones Down 180 Points S&P 500 Nasdaq Decline Amid Geopolitical Uncertainty
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