Wall Street barreled to records Wednesday as its frenzy around artificial intelligence technology keeps sending stocks higher. The rally sent the total market value of Nvidia, which has become the symbol of the AI boom, above $3 trillion for the first time. The Standard & Poor's 500 index climbed 1.2% to top its all-time high set two weeks ago. The Nasdaq composite jumped even more, 2%, and likewise set a record.
One report said real estate, healthcare and other businesses in the U.S. services sector returned to growth last month and beat economists’ forecasts. Perhaps more importantly for Wall Street, the report from the Institute for Supply Management also said prices rose at a slower pace in May than a month before. Another report Wednesday suggested hiring slowed last month by more than expected at U.S. employers outside the government. Stocks had been shaky recently after reports suggested the U.S.
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