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Barchart
Rich Asplund

Stock Indexes Rally to Record Highs on Peace Deal Hopes and AI Spending

The S&P 500 Index ($SPX) (SPY) today is up +0.41%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.43%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.66%. June E-mini S&P futures (ESM26) are up +0.37%, and June E-mini Nasdaq futures (NQM26) are up +0.66%.

Stock indexes are moving higher today, with the S&P 500, Dow Jones Industrials, and the Nasdaq 100 climbing to new all-time highs. Stocks are supported by prospects for a peace deal in the Middle East, which are easing pressure on crude oil prices and reducing inflation concerns. Also, evidence of relentless demand for AI-infrastructure upgrades is pushing technology stocks higher, with Dell Technologies up more than +30% after giving a sales outlook that far surpassed analysts’ estimates.

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