Stock market today: Wall Street ticks to another record as stocks worldwide rally
U.S. stocks rose to another record as financial markets around the world rallied again
NEW YORK (AP) — U.S. stocks rose to another record Thursday as financial markets around the world rallied again.
The S&P 500 added 0.4% to set an all-time high for the third time this week and the 42nd time this year. The Dow Jones Industrial Average gained 260 points, or 0.6%, to finish just shy of its record, while the Nasdaq composite rose 0.6%.
Micron Technology led the way with a jump of 14.7% after the maker of computer memory and storage products delivered stronger profit for the latest quarter than analysts expected. It benefited from sales related to artificial-intelligence technology, where a boom has helped drive some stocks to astounding heights.
Jabil climbed 11.7% after the electronics manufacturer likewise reported stronger profit and revenue than expected. It also announced a plan to plow cash to its shareholders by buying back up to $1 billion of its stock.
