U.S. stocks rose again, continuing Wall Street’s record-setting run.
The S&P 500 climbed 1 percent Wednesday, setting an all-time high for the 37th time this year and marking its first close above 5,600 points. The Dow Jones Industrial Average gained 1.1 percent, and the Nasdaq composite added 1.2 percent to its own record.
Big technology companies led the way again after a major chip supplier reported how much its revenue jumped in June. A frenzy around artificial-intelligence technology has been a major reason the U.S. stock market has climbed to records this year, as have hopes for coming cuts to interest rates.
On Wednesday:
The S&P 500 rose 56.93 points, or 1 percent, to 5,633.91.
The Dow Jones Industrial Average rose 429.39 points, or 1.1 percent, to 39,721.36.
The Nasdaq composite rose 218.16 points, or 1.2 percent, to 18,647.45.
The Russell 2000 index of smaller companies rose 22.28 points, or 1.1 percent, to 2,051.75.
For the week:
The S&P 500 is up 66.72 points, or 1.2 percent.
The Dow is up 345.49 points, or 0.9 percent.
The Nasdaq is up 294.69 points, or 1.6 percent.
The Russell 2000 is up 25.03 points, or 1.2 percent.
For the year:
The S&P 500 is up 864.08 points, or 18.1 percent.
The Dow is up 2,031.82 points, or 5.4 percent.
The Nasdaq is up 3,636.10 points, or 24.2 percent.
The Russell 2000 is up 24.68 points, or 1.2 percent.
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