S&P 500, Nasdaq 100, Dow Jones Shatter Record Highs In Unstoppable Bull Market Rally

The S&P 500, Nasdaq 100 and Dow Jones Industrial Average indices all shattered fresh all-time highs Wednesday, driven by a benign inflation report that boosted risk sentiment among bullish investors.

The three major indices, tracked by the SPDR S&P 500 ETF Trust SPY, the Invesco QQQ Trust QQQ and the SPDR Dow Jones Industrial Average ETF DIA, have recorded nine positive sessions in the last 10.

Since April’s lows, the Nasdaq 100 has rallied 9.7%, while the S&P 500 has gained 7.2%.

The S&P 500 closed Wednesday’s session at 5,308 points and the Nasdaq 100 ended at 18,595. Blue-chip stocks in the Dow Jones Industrial Average also closed at all-time highs, reaching 38,908.

Chart of The Day: Wall Street’s Major Equity Indices Close At Record Highs

Top Movers Among Sectors, Stocks

Top-performing S&P 500 sectors include technology and real estate, with the Technology Select Sector SPDR Fund XLK and the Real Estate Select Sector SPDR Fund XLRE rising 2.2% and 1.7%, respectively.

Utilities, tracked by the Utilities Select Sector SPDR Fund XLU, were also strong, up 1.4%, marking their 18th positive session in the last 21.

Top-performing S&P 500 stocks Wednesday include Super Micro Computer, Inc. SMCI, up 15.8%, D.R. Horton, Inc. DHI, up 6.5% and Vistra Corp. VST, up 6%. Super Micro Computer benefited from a robust daily rally in Bitcoin BTC/USD, which rose over 7%.

In the Nasdaq 100 Index, the top performers were IDEXX Laboratories, Inc. IDXX, up 5.2%, MongoDB, Inc. MDB, up 4.8%, and The Trade Desk, Inc. TTD, up 4.7%.

Among blue-chip stocks, top performers include Salesforce, Inc. CRM, Amgen Inc. AMGN and The Home Depot, Inc. HD, with gains of 3.9%, 2.5% and 2.4%, respectively.

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Illustration generated using artificial intelligence via MidJourney.