Markets edged higher on Thursday, with US stocks continuing their record-breaking run fueled by investor enthusiasm in tech and digital assets. The S&P 500 closed at a new all-time high of 6,280.46, gaining 0.3%, while the Nasdaq Composite notched its second consecutive record close with a 0.1% rise. The Dow Jones Industrial Average also added 0.4%, riding the momentum of earnings optimism and growth tech performance.
Nvidia Breaks the $4 Trillion Barrier
A significant moment in market history occurred as Nvidia briefly crossed the $4 trillion market cap threshold, becoming the first company ever to do so. Although the stock closed just above that mark, the milestone cements Nvidia’s dominance in the AI chip sector and its central role in the broader tech rally. Investor sentiment around AI infrastructure continues to remain elevated, with Nvidia leading the charge.
Bitcoin Rockets to Record Highs
Digital assets also saw renewed bullishness, with Bitcoin blasting through the $113,000 mark, setting a new all-time high. The rally appears driven by a broader risk-on environment, coupled with speculative momentum and institutional demand. Despite renewed geopolitical rhetoric and looming tariffs, digital assets have defied volatility and maintained upward pressure.
Political Tensions and Tariff Risks
Meanwhile, global markets are digesting fresh tariff threats from former President Donald Trump, who recently suggested imposing 50% tariffs on imports from Brazil. These comments come amidst ongoing speculation about new trade deals with the EU, India, and Canada. The rhetoric hasn’t yet derailed investor confidence but introduces a layer of unpredictability for global traders.
Delta Airlines Surprises Markets
On the corporate front, Delta Airlines kicked off earnings season with a strong showing, sending its stock soaring 12%. The airline restored its earnings guidance for the year, citing improving visibility into trade and demand stability. This surprise upside has bolstered travel and transport sentiment, offering further support to cyclical sectors.
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