The S&P 500, up 0.6% on Thursday, is just 0.3% away from setting its first record closing high since Feb. 19. The Nasdaq Composite, up 0.6%, is about 0.4% away from its first record since Dec. 16. The Dow, 4% away from its Dec. 4 record, is up 300 points, or 0.7%.
With steep tariffs no longer raining on the stock market’s parade, Wall Street has embraced the artificial intelligence trade, pushing Nvidia to its highest levels on record. The iShares Semiconductor ETF was up another 0.8% on Thursday.