The S&P 500 Index ($SPX) (SPY) today is up by +0.37%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.51%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.42%.
Stocks are climbing today, with the S&P 500 posting a new all-time high and the Nasdaq 100 posting a 2-1/4 month high. Strength in chip stocks is leading the overall market higher, with Micron Technology, the largest US maker of computer memory chips, up more than +13% after giving surprisingly strong sales and profit forecasts, helped by demand for artificial intelligence gear. Stocks maintained their gains on signs of resilience in the US labor market after weekly initial unemployment claims unexpectedly fell to a 4-month low.
