Stocks rallied again Thursday sending several high-profile companies to their highest share prices ever as major stock indexes stormed toward a record high a day after relatively neutral comments by Fed Chairman Jerome Powell.The S&P jumped 1% to a new all-time closing price of 5,157 and the tech-heavy Nasdaq rose 1.5% to 16,273, two points shy of its record, while the Dow Jones Industrial Average index gained 0.3%, or 130 points, to about 1% shy of its all-time high.
The stocks of a host of American stalwarts touched their highest levels ever Thursday during the rally, according to FactSet data adjusted for stock splits. Among the record-setters were semiconductor chip titans Applied Materials, Micron and Nvidia, retailers Costco, Walmart and Williams-Sonoma, biomedical technology giant Boston Scientific, the largest U.S. bank, JPMorgan Chase, and most valuable social media company, Meta.
Also hitting all-time highs Thursday were shares of Asian chipmaker Taiwan Semiconductor Manufacturing Company and European automaker Stellantis and weight loss drug behemoth Novo Nordisk, while big name American stocks hitting their highest level in more than a year were the likes of bank Citigroup, cryptocurrency exchange Coinbase, grocer Kroger, and artificial intelligence player and defense Palantir.
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