S&P 500 reaches record high on AI stock gains

The S&P 500 index reached a new record high as AI stocks continued to rise, supported by strong earnings expectations for companies, pushing the index up to 7,817.13 points, surpassing the previous August level. The NASDAQ also hit new record highs amid declining bond yields and falling oil prices, despite concerns over tightening monetary policy. This performance reflects confidence in the growth of technology and artificial intelligence stocks in the U.S. stock market.

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