S&P 500 Eyes Record as Nasdaq Notches New High — SkimNews
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- S&P 500 futures rose, putting the index on track for its first record close since August, while Nasdaq notched a record high close as investors shifted focus to upcoming earnings.
- Dow gained nearly 300 points as oil prices and Treasury yields fell, and shares of AMD, Nvidia, and Tesla rallied in the broad-based advance, per Investor's Business Daily's live coverage.
Why it matters: The S&P 500 closing at a new high would end a multi-month drought since August, and the simultaneous records in the Nasdaq and a 300-point Dow rally — spanning chipmakers AMD and Nvidia plus Tesla alongside falling oil and yields — show the rally is broad-based rather than narrow, all underwritten by investor focus on earnings over macro risks.
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