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Barchart
Rich Asplund

Stocks Settle Higher as Chip Makers and AI Infrastructure Stocks Rally

The S&P 500 Index ($SPX) (SPY) on Thursday closed up +0.06%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.17%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.37%.  December E-mini S&P futures (ESZ25) rose +0.06%, and December E-mini Nasdaq futures (NQZ25) rose +0.39%.

Stock indexes finished the day higher on Thursday, with the S&P 500 and Nasdaq 100 posting new all-time highs, and the Dow Jones Industrial Average posting a one-week high.  Strength in chip makers and AI-infrastructure stocks supported gains in the broader market on Thursday as investors rushed to gain exposure to artificial intelligence.  Also, positive carryover from Thursday's rally in European stocks to a new record high is underpinning US equities.  Stocks rose again on Thursday despite the US government being shut down for a second day.  

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