Sustainable Growth: AI Enthusiasm Lifts US Stock Market Indicator to New Heights

Driven by the continuing enthusiasm for Artificial Intelligence (AI), US stock markets maintain their upward trend and set new record highs. A significant driver of this development was and continues to be Nvidia, whose impressive growth has surpassed one billion-dollar threshold after another. On Friday, the renowned semiconductor manufacturer temporarily recorded a breathtaking market valuation of over two trillion US dollars, although the company value retreated below this spectacular threshold by the close of trading. The Dow Jones Industrial similarly displayed its ambitions, climbing to an all-time high of 39,282 points, but then lost momentum and eventually settled with a gain of 0.16 percent at 39,131.53 points. A solid weekly increase of 1.3 percent nevertheless underscores the positive trend of the US benchmark index. The S&P 500 also managed to claim a new record high, although only by 0.03 percent to 5088.80 points. The Nasdaq 100 initially soared to new heights as well, but had to accept a slight loss of 0.37 percent to 17,937.61 points due to profit-taking, after having gained more than three percent the previous day. Nvidia shares continued their impressive streak, initially rising by almost five percent and temporarily exceeding the mark of 823.94 US dollars per share. This placed Nvidia in the elite club of companies with a market value beyond two trillion US dollars, but they ended the day with a slight decrease, closing 0.4 percent higher at 788.17 US dollars. At Intuitive Machines, the performance even exceeded this price development, with a leap of almost 16 percent, due to the historic success of their moon landing mission 'Nova-C'. The online auto platform Carvana also shone with a considerable price increase of 32 percent, thanks to convincing business figures. Block Inc, formerly known as Square, delivered an elevated earnings target for the current fiscal year, which led to an increase in its share price of around 16 percent. Meanwhile, Booking Holdings had to absorb a stock decline of 10.2 percent, caused by the challenging business report and geopolitical tensions in the Middle East. The European common currency stood at 1.0822 dollars at the close of trading on Wall Street, and the T-Note Future on the US bond market increased by 0.40 percent to 109.91 points, leading to a decrease in yield to 4.25 percent.