US stock market hits all-time high as investors continue to bet on AI - Al Jazeera
The US stock market reached record highs as investors continue to pour capital into artificial intelligence companies. Despite broader economic challenges, tech stocks like Amazon and Microsoft drove the S&P 500 and Nasdaq to new peaks.
Why it matters
The rally underscores the dominant role of AI-related investment in driving current market performance, even amidst geopolitical and macroeconomic uncertainty.
The benchmark S&P 500 is up 14 percent this year despite elevated oil prices and US government debt sell-off.
x whatsapp-stroke copylink google Add Al Jazeera on Google info The Wall Street entrance of the New York Stock Exchange (NYSE) is seen in New York City, the US, on April 7, 2025 [Kylie Cooper/Reuters] By John Power Published On 7 Oct 2026 7 Oct 2026 The United States stock market has hit an all-time high as excitement around artificial intelligence continues to fuel a buying frenzy on Wall Street.
The S&P 500, the benchmark stock index, closed 0.58 percent higher on Tuesday, topping the previous peak reached in mid-August.
The Nasdaq Composite, which is more heavily weighted towards tech stocks, also hit a record high, finishing up 0.45 percent.
Tech stocks were among the top performers, with each of the “Magnificent Seven” apart from Meta closing higher.
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