Investing.com-- The S&P 500 and Nasdaq closed at fresh record highs Wednesday, underpinned by Nvidia-led strength in tech and falling Treasury yields as signs of further cooling in the labor market lifted hopes that the Federal Reserve will cut interest rates later this year.
The data comes a day after a separate report showed that job openings slipped to their lowest level in over three years in April.), rallied 5% on Wednesday, pushing its value above $3 trillion for time ever as the chipmaker continues to ride the artificial-intelligence wave to new heights.) rose 1%, briefly recapturing its $3 trillion market cap, as optimism continues to build ahead of the tech giant's AI conference next week.
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Stock market today: Asian shares trade higher after Wall St rally takes S&P 500 near recordStocks in Asia are trading higher after a rally on Wall Street that pulled the S&P 500 back within 1% of its record.
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Stock market today: Asian shares trade higher after Wall St rally takes S&P 500 near recordStocks in Asia are trading higher after a rally on Wall Street that pulled the S&P 500 back within 1% of its record. Investors were focused on the release of China’s April inflation figures.
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Stock market today: Asian shares trade higher after Wall St rally takes S&P 500 near recordStocks in Asia are trading higher after a rally on Wall Street that pulled the S&P 500 back within 1% of its record.
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