NEW YORK, March 2: Wall Street stocks finished the week with a flourish Friday behind continued momentum for equities tied to artificial intelligence, especially Nvidia, which finished wih a valuation above $2 trillion for the first time.
Both the S&P 500 and Nasdaq ended at fresh all-time highs following records in Tokyo and Frankfurt.
"This week saw risk on sentiment take several global stock indices to record highs, the first day of March being no exception," said Axel Rudolph, senior market analyst at online trading platform IG.
David Morrison, senior market analyst at Trade Nation, said "market sentiment remains bullish, and there seems little appetite for profit-taking."
Stock markets have been on a march higher since late last year, initially on hopes that central banks will soon be able to begin lowering their high interest rates as inflation began to fall closer to normal levels.
While hotter-than-expected inflation data from recent months has pushed expectations for the first interest rate cut to mid-year, markets have instead been propelled by stellar results from AI firms in recent weeks. —AFP
