US Stock Market Today Live Updates: The US stock market is on track to extend its rally to a fifth straight day as investors remain optimistic about the AI boom, falling crude oil prices and easing bond yields.
Futures linked to the S&P 500 and Nasdaq 100 rose after chipmakers pushed both indexes to fresh record highs. E-mini S&P 500 Futures were higher by 0.33%, while the E-mini Dow Jones futures rose 0.43% and the E-mini Nasdaq-100 Futures gained 0.53%.
The strong demand for AI-related stocks continues to drive market sentiment. According to a Bloomberg report, strategists at Goldman Sachs raised their year-end target for the S&P 500 to 8,000, joining other bullish forecasts from Morgan Stanley and Deutsche Bank.
Crude oil prices ease
Oil prices fell sharply, with Brent crude dropping more than 3% to below $97 a barrel. The decline came as investors grew hopeful that the US and Iran could reach an agreement that would allow the Strait of Hormuz—a key global oil shipping route—to operate normally again. Lower oil prices have eased concerns about inflation.
US Treasury yields also continued to fall, providing further support to equities.
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