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News in English (USA) / 02.06.2026 / 23:00

AI Boom Fuels Stock Market Surge, S&P 500 Reaches New Heights

The stock market is experiencing significant gains, with the Dow jumping over 200 points and the S&P 500 closing above 7,600 for the first time. Driven largely by advancements in artificial intelligence (AI), Wall Street continues to hover around record levels. Analysts note that AI is a crucial factor behind the recent rally, contributing to historic gains among tech stocks and leading some to draw parallels with the dot-com bubble of the early 2000s. Despite some fluctuations and concerns over inflation, the overall market remains optimistic, supported by strong demand for AI and data center companies. Recent reports show that the S&P 500 surpassed a market cap of $69 trillion, highlighting the impact of AI on market dynamics.
CNBC, AP News, Yahoo Finance, WSJ, CNN, Bloomberg.com, Financial Times, MarketWatch, Investing.com, Moomoo