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Stock market today: World shares keep climbing, as Japan's Nikkei, Wall St set more new records

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World shares have forged ahead after another record-setting rally on Wall Street, as Japan's Nikkei 225 index surged over 42,000 for the first time.

A currency trader watches monitors near the screen showing the Korea Composite Stock Price Index at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, July 11, 2024.

Buying was strong for a wide range of shares, with electronics makers leading gains. Sony Group Corp. jumped 3.6% and Disco Corp., which makes precision tools, was up 3.4%. Electric components maker Murata Manufacturing gained 2.8%. The U.S. stock market vaulted to more all-time highs on Wednesday, led by big technology companies whose shares have been soaring thanks to the frenzy over artificial intelligence.The S&P 500 jumped 1% and topped the 5,600 level for the first time, closing at 5,633.91.Advanced Micro Devices was another major force behind the stock market’s leap, and it jumped 3.9% after announcing a $665 million deal to buy Silo AI, a European AI lab.

 

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