NEW YORK (AP) — The U.S. stock market is ticking toward more records Tuesday as winners of the artificial-intelligence boom keep driving higher.
The S&P 500 rose 0.2% a day after setting its latest all-time high. The Dow Jones Industrial Average was up 140 points, or 0.3%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 0.2% higher. All three indexes erased modest losses from earlier in the morning.
AI chip companies helped drive the market upward. Their growth has skyrocketed because of how hungry customers are for more AI computing power, and Broadcom rose 4.4%, while Nvidia added 0.7%.
