Nasdaq Hits Intraday Record High as Tech Stocks Regain
AI enthusiasm and lower Treasury yields pushed the S&P 500 and Dow higher as traders watched Meta, AMD and Microsoft.
- The Nasdaq Composite hit its first record close since June on Monday, driven by an AI-focused rally that pushed AMD into the $1 trillion club.
- Falling oil prices helped drive Monday's gains, with Brent crude slipping around 2% to roughly $98 a barrel and supporting investor sentiment.
- Jefferies raised its price target on Meta Platforms to $875 from $710, while Oppenheimer hiked Microsoft to $570 from $515, citing AI agent optimism.
- Tuesday's economic calendar includes the Richmond Fed's manufacturing survey and scheduled remarks by New York Fed President John Williams, as futures signal a steady open.
- Investors are monitoring a Washington summit between President Donald Trump and Chinese leader Jinping, alongside potential United Nations General Assembly discussions regarding Iran.
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Reformatorisch Dagblad
New York stock markets opened with small price fluctuations on Tuesday. Investors took it easy following the strong recovery rally in AI stocks the previous day. Positive reports about the new personal AI assistant from Facebook owner Meta fueled renewed optimism about AI among investors on Wall Street on Monday.
US Stock Market Today: S&P 500 Futures Rise 0.03%, Nasdaq Futures Gain 0.05% as Oil Prices Fall, Treasury Yields Ease & AI Stocks Stay in Focus; Check What Investors Should Know
US Stock Market Today, S&P 500 Futures, Nasdaq Futures Today, Dow Futures Today, Wall Street Today, US Stock Market News, S&P 500 Today, Nasdaq Today, Dow Jones Today, AI StocksAccording to Reuters, S&P 500 E-mini futures rose 0.03%, Nasdaq 100 futures gained 0.05% and Dow E-minis advanced 0.21% in early trading. The moves came after the Nasdaq closed at a record high on Monday, supported by gains in technology and AI-related stocks.
The Nasdaq reached a historic peak after technological actions, especially those linked to artificial intelligence, supported the best Wall Street session in weeks. Investors also received support from the oil fall and remained attentive to the meeting between Donald Trump and Xi Jinping, in addition to the upcoming Federal Reserve signals.
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