Thursday was a broad-based rally day on Wall Street, with technology leading the charge and all major indices finishing in the green. The Nasdaq outperformed decisively, climbing 1.73% to close at 26,024.2, while the S&P 500 added 1.13% to settle at 7,633.63 — comfortably clearing the psychologically significant 7,600 level. The Dow Jones Industrial Average rose a more modest 0.61% to 51,508.44, reflecting the session's tech-tilted character.
Small caps participated in the upside as well, with the Russell 2000 gaining 0.53% to close at 2,842.88, suggesting the risk appetite was not confined to mega-cap names. Nvidia was the standout individual story, jumping 2.54% to $219.34 and reinforcing its role as the market's bellwether for AI-driven momentum.
Gold continued to hold at elevated levels, with the precious metal closing at $4,350.09, a reminder that while equities are rallying, demand for hard assets remains robust — likely reflecting lingering macro uncertainty even amid the bullish tape.
Overall, Thursday's session carried the tone of a market that is leaning decisively into growth and innovation themes, with breadth solid enough to suggest the move has legs beyond a narrow handful of names.