The S&P 500 hit yet another milestone Thursday, soaring to a new high and topping 7,500 for the first time, driven by AI optimism while President Donald Trump meets with Chinese President Xi Jinping.
The S&P 500 topped 7,500 for the first time on Thursday.
The S&P 500 closed at 7,501.39 on Thursday afternoon, extending a rally from investors despite rising energy prices and still no resolution on the horizon to the ongoing Iran war.
The nearly 0.8% surge from the index was spurred by Nvidia—the world’s most valuable company—soaring more than 4%, taking CEO Jensen Huang’s estimated net worth above the $200 billion mark in the process.
The Dow Jones Industrial Average also hit 50,000 again on Thursday, closing at 50,063.46 after investors saw fresh optimism from Trump’s meetings with Xi.
