Wall Street kept driving equity valuations higher on Friday, extending the momentum from Thursday when all major U.S. benchmarks closed at record highs following the Federal Reserve's rate cut.
Tech continued to outperform, fueled by ongoing AI enthusiasm. The Nasdaq 100, S&P 500, and Dow Jones each advanced 0.5%, 0.3%, and 0.2%, respectively, setting fresh peaks. The Russell 2000, however—after breaking its November 2024 high the previous day—slipped 0.4%.
