The S&P 500 surpasses its prior peak at 7620.90, while the Nasdaq rises 1.2% but needs to clear 26,301.54 to extend gains.
The S&P 500 advanced 0.61% to a new all-time high, breaking above its previous record of 7620.90 in early U.S. trading. The index’s move solidifies a bullish technical bias, with support now established between 7577.92 and 7620.90.
The Nasdaq Composite outperformed, rising 1.20% to 26,235.70, though it remains below critical resistance at 26,301.54. A sustained break above this level would target swing highs near 26,559–26,788, with the all-time high at 27,190.21 in focus.
Traders are monitoring these levels to assess whether the rally can extend further, with upside momentum hinging on the Nasdaq’s ability to clear near-term hurdles.