US stock markets hit record highs driven by AI

The Guardian March 1, 2024, 11:00 PM UTC

Summary: US stock markets hit record highs on Friday, driven by AI enthusiasm. The S&P 500 and Nasdaq set records, with Nvidia reaching a $2tn market value for the first time. All three major indexes marked their fourth straight month of gains. The S&P 500 gained 41.16 points (0.81%) to 5,137.43, while the Nasdaq rose 183.02 points (1.14%) to 16,272.22, and the Dow Jones increased by 90.43 points (0.24%) to 39,088.11.

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