S&P 500 Breaks 7,800 for First Time as Nasdaq Hits Record on Tech Rally
IXIC sits 33% above its 52-week low of $20,690.249.
Summary
The S&P 500 closed above 7,800 for the first time at 7,818.93, up 0.58%, while the Nasdaq Composite advanced 0.45% to a record 27,599.79. The Dow gained 253.38 points to 51,521.28. Chip stocks led the rally, with Marvell up 5.8%, AMD up nearly 3%, and Broadcom up 3.7%. Treasury yields fell, with the 10-year down more than 4 basis points to 5.262% and the 30-year down over 3 basis points to 5.631%, after both hit levels unseen since 2002 on Monday. The US trade deficit widened to $105.6 billion in August, the highest since March 2025. Traders await the Fed's September meeting minutes on Wednesday.
At the time of this announcement, IXIC was trading at $27,599.79 on NASDAQ in the Technology sector. The 52-week trading range was $20,690.25 to $27,722.75. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Binance News.