Contributor

Usa News

Usa News

10+ stories

Business•JAN 13, 2024

S&P 500 Hits Record High of 4,839 Amid Tech and AI Stock Surge

The S&P 500 index reached a historic milestone on January 13, 2024, surpassing its previous record high to close at 4,839 points. This achievement comes 745 days after its last peak and is largely attributed to the outstanding performance of major U.S. technology companies, often referred to as the "Magnificent Seven." The resurgence in artificial intelligence (AI) stocks and semiconductor companies also played a pivotal role in propelling the index to new heights.

wvv2t4det6gupng1hrvgfzks9w-e223a023.jpg