S&P 500 Hits Intraday Record High Amid AI Rally
The benchmark S&P 500 index briefly reached an all-time intraday high on Tuesday, propelled by optimism surrounding the AI trade and expectations of robust corporate earnings, which in turn boosted technology stocks and the ongoing bull market since October 2022. The index rose as much as 0.6% to 7817.13 points.
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01:38:02 PM UTC
SquawkNews
By Joe WallaceU.S. stocks opened higher, with the S&P 500 on course to hit a new record high.The index rose 0.4% in early trading Tuesday. If it holds those gains through the day, the S&P will top the all-time closing high it hit in mid-August. The Dow industrials and the Nasdaq also rose in early…
The benchmark S&P 500 index briefly reached an all-time high on Tuesday as optimism around the AI trade and expectations for strong corporate earnings lifted technology stocks, adding to the bull market that began in October 2022. 13 points, moving pas…