US stocks jumped on Thursday, setting the stage for fresh record highs. Investors welcomed a slew of updates, including solid US economic data, Micron’s (MU) upbeat earnings, and China’s pledges of more stimulus, while they waited to hear from Jerome Powell.
The Dow Jones Industrial Average (^DJI) rose 0.4%, while the S&P 500 (^GSPC) added 0.5% after both gauges slipped back from all-time highs in the prior session. The tech-heavy Nasdaq Composite (^IXIC) led the advance, surging about 1% amid a sharp spike in Micron’s shares.
Stocks are looking solidly positive again thanks to a triple dose of optimism for the AI trade, for the health of the US economy, and for China’s stimulus push, which could reverberate through US markets.
Nvidia (NVDA) supplier Micron lifted its next-quarter revenue forecast, citing robust demand for its memory chips used in AI data centers. Chip stocks Nvidia,…
