S&P 500 Hits Record Highs, Snowflake Jumps 37% On AI Boom: Stock Market Today

U.S. stocks hit record highs Thursday after reports that Washington and Tehran agreed to a 60-day ceasefire extension and phased resumption of Strait of Hormuz tanker traffic.
The S&P 500 advanced 0.5% to a record 7,557.85, while the Dow Jones Industrial Average added 32 points, or 0.1%, to 50,676.
The Nasdaq 100 climbed 0.4% to a record 30,089. Within Magnificent Seven stocks, Microsoft Corp. (NASDAQ:MSFT) jumped 2.9%, while Nvidia Corp. (NASDAQ:NVDA) edged 0.3% higher – on track to snap four straight sessions of losses.
The small-cap Russell 2000 rallied 0.6% to 2,937, the strongest performance among major U.S. benchmarks.



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