Record Highs: Tech Titans Propel Wall Street Surge

Wall Street's major indexes, including the Nasdaq, set new records with significant contributions from tech giants Microsoft and Apple. Microsoft secured a stake in OpenAI, boosting its shares, while Apple's market value soared to $4 trillion. Investors are keenly awaiting AI-related updates from major tech firms reporting earnings.

Wall Street's primary indexes reached record highs again, driven by impressive gains in the Nasdaq, largely facilitated by tech behemoths Microsoft and Apple. Microsoft's strategic acquisition of a 27% share in OpenAI boosted its stock by 2.8%, while Apple's market valuation eclipsed $4 trillion amid robust iPhone demand.

This week, tech giants like Microsoft, Alphabet, and Meta are slated to release earnings, with investors eagerly anticipating AI-related insights. United Parcel Service surpassed Wall Street's expectations, aiding market performance amidst a challenging economic climate defined by the ongoing U.S. government shutdown.

The S&P 500's tech sector led the charge, with AI leader Nvidia enjoying advancements after President Trump announced talks with its CEO. Trading was vibrant despite setbacks in some sectors, such as real estate, underscoring the market's resilience and adaptability to economic changes.

(With inputs from agencies.)