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<US>S&P 500, Nasdaq Set Record Highs; DJIA Lags, Down 72 Pts; Tesla Swells ~8%
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Amid continued market hopes for US-Iran peace talks, the S&P 500 and the Nasdaq both notched fresh record highs. The S&P 500 hit an intraday 52-week high of 7,026 and closed near the peak at 7,022, up 55 points or 0.8%. The Nasdaq also set a new high and finished near its record at 24,016, up 376 points or 1.6%. The DJIA lagged behind, finishing down 72 points or 0.2% at 48,463. Tesla (TSLA.US) swelled 7.6%, after Elon Musk said progress had been made in chip development. Meta (META.US) and Broadcom (AVGO.US) extended their customized AI chip partnership through 2029, with their shares up 1.4% and 4%, respectively. Several banks had their results reported. Morgan Stanley (MS.US) hit a 52-week high, climbing more than 4%, while Bank of America (BAC.US) posted quarterly earnings beat, shoring its stock up by nearly 2%. Auto-translated by AI AASTOCKS Financial News |
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