S&P 500 and Nasdaq Reach Record Highs as AI Trade Drives Tech Rally, Apple Stock Rises
The S&P 500 and Nasdaq Composite reached record highs on Friday, driven by a tech rally fueled by AI demand and strong earnings from the 'Magnificent Seven' companies. Apple's stock rose over 3% after better-than-expected results, while the Dow Jones fell slightly. Energy firms like Exxon Mobil and Chevron reported mixed results due to production issues in the Middle East.
Topics: AI trade Apple stock earnings reports Nasdaq S&P 500 stock market tech rally