S&P 500 hits 7,000 for first time as Nvidia, Microsoft and AI boom drive market surge

The S&P 500 breached the 7,000-point mark for the first time on Wednesday, driven by unrelenting optimism over artificial ‌intelligence and expectations of strong Big Tech earnings as well as monetary ‍policy easing. The benchmark index’s ascent between successive 1,000-point additions has quickened in recent years, reflecting mounting investor confidence in the US economy and corporate America. It took about three years for the S&P 500 ⁠to rise to 5,000 points from 4,000, but only about nine...