S&P 500 Hits Record Highs, Nasdaq Stalls After Winning
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- S&P 500 reaches record highs Thursday, topping previous benchmarks amid broad market strength
- NASDAQ completes its longest winning streak since 1992 before stalling as tech sentiment wavers
- IBM surges then reverses course after AI-driven optimism clashes with revenue concerns in latest performance
Why it matters: Tech investors gain from Nasdaq's 11-day rally, the longest in over 30 years, but face whipsaw risk as AI hype meets earnings reality. A 2% swing in IBM wipes out $5B in market cap — volatility now the norm.
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