Stocks Surge to New Record Highs as S&P and Nasdaq Reach All-Time Peaks

Wall Street experienced a bullish start to Wednesday, fueled by rising stock markets. The S&P 500 and Nasdaq reached record highs, while the Dow Jones Industrial Average also climbed. Positive momentum was driven by expectations of a Federal Reserve interest rate cut in September. The crypto market saw strong gains as top altcoins rallied alongside Bitcoin’s surge above $120,000. Major US indices experienced fresh gains, led by tech stocks like Meta and Advanced Micro Devices. Analysts predict the S&P 500 will surpass 6,600 in 2025.