Stock market today: Wall Street extends its push into record highs, led by chipmakers

NEW YORK — Stocks are extending their push to record highs in early trading on Wall Street, led by big gains in chipmakers. The S&P 500 was up 0.5% in the early going Thursday. The Dow Jones Industrial Average was up 177 points, or 0.5%. The Nasdaq composite added 0.8%. Micron led chipmakers higher after reporting blowout results for its latest quarter that easily surpassed analysts’ expectations. Traders will be keeping a close eye on Reddit, whose shares begin trading today.

Japan’s benchmark Nikkei 225 jumped 2.0% to finish at a record high 40,815.66 after the government reported exports grew nearly 8% in February from a year earlier, in the third straight month of increase. Hong Kong’s benchmark surged 1.9%, to 16,863.10, while the Shanghai Composite fell less than 0.1% to 3,077.11, after the Chinese government announced fresh measures to support the economy.On Wednesday, the S&P 500 jumped 0.9% to 5,224.62, an all-time high for a second straight day. The Dow industrials surged 1% and the Nasdaq composite roared 1.3% higher.

The Fed has been keeping its main interest rate at its highest level since 2001 to grind down inflation. High rates slow the overall economy by making borrowing more expensive and by hurting prices for investments.

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Stock market today: US stocks mixed as Wall Street watches and waitsStocks have lost momentum as investors regroup after the tumultuous run-up last week and as focus sharpens on the health of the US economy.
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Stock market today: Wall Street pulls back from its record after a shaky dayNEW YORK (AP) — Wall Street pulled back from its record heights following a shaky day of trading, putting at least a temporary halt to its huge rally since Halloween. The S&P 500 slipped 0.7% Friday from its all-time high.
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Stock market today: Wall Street drifts near its records amid a worldwide market lullNEW YORK (AP) — Stocks are drifting around their records on Wall Street, as a lull carries through financial markets worldwide. The S&P 500 was little changed in early trading Wednesday, a day after setting an all-time high.
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Stock market today: Wall Street drifts to a mixed close, holding near record levelsNEW YORK (AP) — Stocks drifted to a mixed close on Wall Street as a lull carried through financial markets worldwide. The S&P 500 edged down 0.2% Wednesday, a day after setting an all-time high. The Dow Jones Industrial Average rose 0.
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Stock market today: Stocks retreat as Wall Street weighs hot inflation's impact on FedInvestors are weighing whether two big hot inflation prints will prompt a Fed rethink on rate cuts as its March policy meeting looms.
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