Stock Market Today, April 27: S&P 500 Inches to New Record on Further AI Optimism
The S&P 500 inched up 0.12% to 7,173.91, reaching a new high, driven by AI optimism, while the Dow Jones Industrial Average slipped 0.13% to 49,167.79 due to geopolitical and rate jitters. Nvidia and Micron Technology gained on positive analyst commentary, as investors await earnings reports from several Magnificent Seven companies.
The S&P 500 rose 0.12% to 7,173.91, a new high, and the Nasdaq Composite gained 0.20% to 24,887.10, driven by AI strength. Nvidia and Micron Technology advanced on positive analyst commentary. Microsoft wobbled after a joint announcement with OpenAI ended its exclusive access to the technology but ended the day in the green. Geopolitical tensions and rate jitters affected the Dow Jones Industrial Average, which slipped 0.13% to 49,167.79. Investors are watching for earnings reports from several Magnificent Seven companies and commentary from the Federal Reserve on inflation and the economy. AI and data centers are expected to dominate this week, with some investors looking for other AI plays.
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