The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +1.46%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.24%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +2.08%. June E-mini S&P futures (ESM26) rose +1.45%, and June E-mini Nasdaq futures (NQM26) rose +2.09%.
Stock indexes rallied sharply on Wednesday, with the S&P 500 and Nasdaq 100 posting new all-time highs and the Dow Jones Industrial Average posting a 2.75-month high. Stellar earnings results from chipmakers and AI-infrastructure stocks propelled stocks higher on Wednesday and bolstered optimism that the relentless pace of investment in artificial intelligence will continue. Advanced Micro Devices rose more than +17% after data center spending boosted its full-year sales forecast, and Super Micro Computer surged more than +24% after reporting improved margins and giving a solid profit forecast.
