S&P 500 and Nasdaq Hit Records on Tech and Peace Hopes
The S&P 500 and Nasdaq climbed to record closing highs on Monday as Nvidia unveiled a new AI chip for personal computers and investors monitored U.S. diplomatic efforts regarding Iran. Gains were led by a 2.5% rise in the technology sector, while the Dow ended nominally higher amid mixed performance across other major industry groups.
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United States stocks rose on Monday evening as the S&P 500 and Nasdaq reached record closing highs behind a 2.5% technology sector rally. Gains followed NVIDIA unveiling a new AI chip and President Donald Trump signaling continued negotiations with Iran. Concerns over potential inflation from a protracted war weighed against optimism over AI capabilities.
