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Barchart
Barchart
Rich Asplund

HISTORICAL FACTS: Stocks supported by ai spending boom - Caught on Camera

The S&P 500 Index ($SPX) (SPY) today is up +0.40%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.84%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.07%.  December E-mini S&P futures (ESZ25) are up +0.37%, and December E-mini Nasdaq futures (NQZ25) are up +0.04%.

Stock indexes are moving higher today, with the S&P 500, Nasdaq 100, and Dow Jones Industrials posting new all-time highs.  Chip makers and AI-infrastructure stocks are rallying today, leading the broader market higher on optimism that growth in the AI sector will translate into corporate profits.  Stocks are climbing today despite the US government being shut down for a third day.  Stock indexes fell back from their best levels after the Sep ISM services index dropped more than expected to a 4-month low.

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