Tech stocks lead US market gains; S&P 500 and Nasdaq hit new highs
Tech stocks led the US market, with the S&P 500 and Nasdaq hitting new highs. US-Iran ceasefire talks are also in focus.
📋 Article Processing Timeline
- 📰 Published: May 29, 2026 at 05:59
- 🔍 Collected: May 31, 2026 at 23:55 (65h 56m after Published)
- 🤖 AI Analyzed: June 2, 2026 at 00:38 (24h 42m after Collected)
Led by technology stocks, the S&P 500 and Nasdaq Composite indices hit new record highs. The market is also evaluating reports that US and Iranian negotiators have reached an agreement to extend a ceasefire. The Dow Jones Industrial Average rose 24.69 points, or 0.05%, to close at 50,668.97. The S&P 500 rose 0.58% and the Nasdaq rose 0.91%. The Philadelphia Semiconductor Index also rose 1.00%.
FAQ
Why did the Nasdaq reach a new high?
Due to concentrated buying in technology stocks.