MarketsNotableReported
6.4
S&P 500 record high as AI stocks defy bond market slump
Financial Times·US·about 11 hours ago
US equities advanced in Monday trading, led by AI-related stocks lifting the Nasdaq, while investors monitor bond market and oil prices ahead of Fed minutes release later this week. The move suggests continued risk appetite, but direction may hinge on Fed signals.
US equities, specifically the S&P 500 and Nasdaq, have reached new record highs, with the S&P 500 surpassing 7,800 for the first time. This surge is primarily driven by a strong rally in AI-related chipmakers and big tech, supported by easing bond yields and, in some instances, declining oil prices. The market exhibits continued risk appetite despite underlying concerns regarding market breadth and potential macro headwinds.