U.S. stock markets hit new highs as technology firms emphasized the significant impact of artificial intelligence on their performance.
On Wednesday, the S&P 500 increased by 0.6%, marking what seems to be one of its most successful years in the last two decades.
The Dow Jones Industrial Average experienced a rise of 0.7%, and the Nasdaq composite surged by 1.3%, reaching a new record.

Salesforce’s announcement of its AI-powered services contributed to the market rally, demonstrating the influence of AI on their business growth.
Additionally, Marvell Technology saw an even larger increase in its stock price, fueled by strong demand driven by AI advancements.
Meanwhile, Treasury yields saw a decline, and the price of bitcoin rose after the nomination of a cryptocurrency supporter by President-elect Donald Trump to lead the Securities and Exchange Commission.

On this given Wednesday, the S&P 500 gained 36.61 points, climbing to 6,086.49.
The Dow Jones Industrial Average rose by 308.51 points, reaching 45,014.04, while the Nasdaq composite increased by 254.21 points, hitting 19,735.12.
Additionally, the Russell 2000 index, which tracks smaller companies, saw a modest rise of 10.22 points, bringing it to 2,426.56.

Looking at the figures for the week, the S&P 500 is up by 54.11 points, reflecting a 0.9% increase.
The Dow has seen an increase of 103.39 points, or 0.2%.
The Nasdaq’s performance is even stronger, up by 516.95 points, which translates to a 2.7% increase.
In contrast, the Russell 2000 has dipped by 8.16 points, or 0.3%.

For the year so far, the S&P 500 boasts an impressive rise of 1,316.66 points, marking an increase of 27.6%.
The Dow gains have totaled 7,324.50 points, or 19.4%.
The Nasdaq has also performed exceptionally well, with an increase of 4,723.76 points, equating to 31.5%.
The Russell 2000 has seen growth as well, with a rise of 399.49 points, or 19.7%.