NEW YORK (AP) — Wall Street edged near its record after several AI stocks reported better growth for the spring than analysts expected, while a report showed inflation across the United States was slightly less bad last month.
The S&P 500 added 0.3% Wednesday and marked its first gain since setting its all-time high on Friday. The Dow Jones Industrial Average slipped less than 0.1%, and the Nasdaq composite climbed 0.5%.
Stocks like Nvidia and Super Micro Computer helped led the way on signals that businesses continue to spend big dollars on AI infrastructure.
Treasury yields eased following the latest inflation data.