5 June: US stocks S&P 500 and Nasdaq 100 hit record highs, with S&P 500 at 5,354 points and Nasdaq 100 at

US stocks hit record highs on 5 June as the S&P 500 and Nasdaq 100 indices closed at record levels. The S&P 500 Index closed at 5,354 points, surpassing its latest all-time high close of 5,321 points hit on 21 May. The Nasdaq 100 Index closed at a record high of 19,035 points, up 2% for the day. The joint achievement is driven by increased investor confidence in AI-driven growth expanding from the tech sector to the broader market, resulting in Nvidia overtaking Apple as the second most valuable US company.

June 05, 2024
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