The S&P 500 closed above 7,000 at 7,024.87, up 45% in 12 months. The "Magnificent 10" tech stocks represent 40%+ of total market cap.
NVIDIA alone contributed 15% of total gains. AI chip demand shows no signs of slowing.
S&P 500 Closes Above 7,000 for First Time as AI Stocks Drive Bull Run
Wall Street celebrates as the benchmark hits a milestone powered by tech stocks.
Harold's Quick Summary
AI
The S&P 500 closed above 7,000 for the first time, driven by AI stocks. The "Magnificent 10" comprise 40%+ of the index.
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