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Stock market today: Dow crosses 49,000, S&P 500 jumps to new high in record-setting start to year
US stocks rose to fresh records on Tuesday as investors continued to weigh US moves on Venezuela and braced for a flurry of fresh data this week to shed light on the health of the economy.
The S&P 500 (^GSPC) added 0.6%, closing at a record high, while the tech-heavy Nasdaq Composite (^IXIC) also rose 0.6%. The Dow Jones Industrial Average (^DJI) climbed 1% to close above 49,000 for the first time as the blue-chip index notched a back-to-back record.
Investors assessed Nvidia (NVDA) and AMD's (AMD) competing AI roadmaps, laid out at CES in Las Vegas. CEO Jensen Huang launched Nvidia's next-generation Vera Rubin AI superchip platform, followed by AMD CEO Lisa Su's first look at its rival Helios system. Eyes were also on new PC chips from Intel (INTC) and Qualcomm (QCOM), with updates from other tech stalwarts expected as the marquee tech event continues this week.
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