The U.S. stock market added to its records as winners of the artificial-intelligence boom keep driving higher.
The S&P 500 rose 0.1 percent Tuesday, edging past the previous all-time high it set a day earlier. The Dow Jones Industrial Average added 0.4 percent, and the Nasdaq composite rose less than 0.1 percent.
Marvell Technology leaped to its biggest gain on record after Nvidia’s CEO suggested it could be the next company to be worth $1 trillion. But Alphabet weighed on the market after the parent company of Google said it’s raising $80 billion to help pay for its AI investments. Oil prices rose.
On Tuesday:
The S&P 500 rose 9.82 points, or 0.1 percent, to 7,609.78.
The Dow Jones Industrial Average rose 228.91 points, or 0.4 percent, to 51,307.79.
The Nasdaq composite rose 7.09 points, or less than 0.1 percent, to 27,093.90.
The Russell 2000 index of smaller companies rose 26.20 points, or 0.9 percent, to 2,931.96.
For the week:
The S&P 500 is up 29.72 points, or 0.4 percent.
The Dow is up 275.33 points, or 0.5 percent.
The Nasdaq is up 121.28 points, or 0.4 percent.
The Russell 2000 is up 12.63 points, or 0.4 percent.
For the year:
The S&P 500 is up 764.28 points, or 11.2 percent.
The Dow is up 3,244.50 points, or 6.8 percent.
The Nasdaq is up 3,851.91 points, or 16.6 percent.
The Russell 2000 is up 450.06 points, or 18.1 percent.
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