S&P 500 and Nasdaq Composite Hit Record Highs as Stocks Rise Slightly
Stocks rose slightly Thursday following a rare midweek market holiday, with the $S&P 500 Index(.SPX.US$ and $Nasdaq Composite Index(.IXIC.US$ hitting new intraday record highs amid continued investor enthusiasm for big-cap tech stocks.
The S&P 500 led the way higher, gaining 23.45 points (0.4%) to 5,496.68 shortly after 10:30 a.m. ET.
The Nasdaq also traded slightly better, up 9.13 ticks (0.1%) to 17,871.36, while the $Dow Jones Industrial Average(.DJI.US$ added 124,57 points (0.3%) at 38,959.43.
The Nasdaq and S&P 500 both rose amid gains for large tech stocks like $NVIDIA(NVDA.US$, which was trading 2.4% higher at $138.76 shortly after 10:30 a.m. ET.
Investors were getting back into the swing of things after Wednesday's market holiday to mark Juneteenth, the day in 1865 when slavery ended in America following the American Civil War.
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Former top editor at Seeking Alpha, Fidelity.com, TheStreet.com and UPI.
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