Technology stocks rose strongly, a sign that investors have shaken off geopolitical concerns.
Stock movements
“Indicator rose”Standard & Poor’s 500” by 0.71 percent, to close at 5792.04 points, after touching the highest level ever during the session.
“Indicator rose”Nasdaq“The composite increased by 0.6 percent to close at 18,291.62 points.
The Dow Jones Index, which consists of 30 stocks, rose 431.63 points, or 1.03 percent, to reach a new record high of 42,512 points.
Technology stocks were a notable leader in the collective rise in US stocks, with Amazon and Apple achieving gains of more than 1 percent.
Super Micro Computer shares rose 4 percent.
Today’s advance helped correct a turbulent start to October, pushing the major averages into positive territory for the month.
Stocks maintained their gains after minutes from the Federal Reserve’s September meeting revealed that a “large majority of participants” favored cutting interest rates by half a percentage point.
