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Wall Street indices hit record highs on AI bets
Financial Express Pune
|June 28, 2025
THE S&P 500 and Nasdaq Composite hit all-time highs on Friday as megacap stocks surged on renewed AI enthusiasm and the prospect of a looser monetary policy, powering a recovery in US stocks from months-long rout.
The S&P 500 and the Nasdaq Composite both rose about 0.4%, surpassing their previous peaks touched in February and December, respectively. The Nasdaq looked on course for a new bull market, having recovered more than 20% from a trough in April due to tariff turmoil.
Shares of Nvidia, the world's most valuable company, rose 0.7% to touch a record high, while other tech-heavyweights including Amazon.com and Apple rose 1.8% and 0.9%, respectively.
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