Stock market today: Tech stocks and AI pull Wall Street to more records
U.S. stock indexes rose to more records after tech companies talked up how much artificial intelligence is boosting their results
By STAN CHOE
Published - Dec 04, 2024, 05:18 PM ET
Last Updated - Dec 16, 2024, 05:06 PM EST
NEW YORK (AP) — U.S. stock indexes rose to more records Wednesday after tech companies talked up how much of a boost they’re getting from the artificial-intelligence boom.
The S&P 500 climbed 0.6% to add to what’s set to be one of its best years of the millennium. It’s the 56th time the index has hit an all-time high this year after climbing in 11 of the last 12 days.
The Dow Jones Industrial Average rose 308 points, or 0.7%, while the Nasdaq composite added 1.3% to its own record.
Salesforce helped pull the market higher after delivering stronger revenue for the latest quarter than analysts expected, though its profit fell just short.
