S&P 500 rises as Nvidia leads Big Tech rally, Nasdaq closes at a record

US Stock Market Highlights: The S&P 500 climbed 0.61% on Wednesday (July 9), driven by gains in tech stocks as Nvidia hit a historic milestone and investors tracked fresh tariff developments from President Donald Trump. The Nasdaq Composite rose 0.94% to close at a record high, while the Dow Jones Industrial Average added 217.54 points, or 0.49%.US Stock Market Highlights: The S&P 500 climbed 0.61% on Wednesday (July 9), driven by gains in tech stocks as Nvidia hit a historic milestone and investors tracked fresh tariff developments from President Donald Trump. The Nasdaq Composite rose 0.94% to close at a record high, while the Dow Jones Industrial Average added 217.54 points, or 0.49%. Nvidia advanced 2%, becoming the first company to reach a $4 trillion market capitalisation. Other major tech stocks, including Meta Platforms, Microsoft, and Alphabet, also posted gains, reflecting renewed interest in the AI sector. On Wednesday, Trump sent letters dictating new US tariff rates on goods from at least six more countries, including the Philippines and Iraq. This comes after Trump posted letters setting new duties earlier this week to the leaders of 14 other countries, including South Korea and Japan.
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