The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +0.58%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.04%. June E-mini S&P futures (ESM26) rose +0.62%, and June E-mini Nasdaq futures (NQM26) rose +1.09%.
Stock indexes settled mostly higher on Wednesday, with the S&P 500 and Nasdaq 100 posting new record highs. Gains in processor and memory chipmakers, the key drivers of the recent rally in the artificial intelligence trade, led stock gainers on Wednesday. Nvidia, Tesla, and Apple all rallied to lead the Magnificent Seven technology stocks higher after the CEOs of the companies joined President Trump on his visit to China, bolstering optimism that this week’s summit between Mr. Trump and China’s Xi Jinping could lead to a series of trade deals, especially around semiconductors.
