NEW YORK — Wall Street set more records Thursday as U.S. stocks coasted to the close of their latest winning month and quarter.
The S&P 500 added 5.86 points, or 0.1%, to its all-time high set a day before and closed at 5,254.35. That sent its gain for the year’s first three months to a fat 10.2%.
The Dow Jones Industrial Average ticked up by 47.29 points, or 0.1%, to 39,807.37 and likewise set a record. The Nasdaq composite dipped 20.06, or 0.1%, to 16,379.46. It’s just shy of its own all-time high.
The stock market has been on a nearly unstoppable run since late October, and the S&P 500 just capped its fifth straight winning month. It’s leaped as the U.S. economy remained solid despite the Federal Reserve’s high interest rates meant to get inflation under control.
Thursday was the last day of trading for both the U.S. stock and bond markets this month and quarter. Financial markets will be closed on Friday for Good Friday.
Most stocks soared during the quarter, led by companies riding a frenzy around artificial-intelligence technology. Nvidia, whose chips are powering much of the AI rush, surged 82.5%.
The only stock in the S&P 500 to do better was Super Micro Computer, which just joined the index recently. The company, which sells server and storage systems used in AI and other computing, saw its stock soar 255.3%.
Tesla fell 29.3% to continue its volatile run, having more than doubled last year. Boeing, meanwhile, sank 26% as worries mounted about its safety and manufacturing quality.
RH jumped 17.3% even though the retailer of home furnishings reported weaker profit and revenue for the latest quarter than analysts expected.
Chemours fell 9.1% despite reporting better results for the latest quarter than analysts expected.
Trump Media & Technology Group, the company behind former President Donald Trump’s Truth Social social media platform, fell 6.4% after soaring more than 14% in each of the past two days.
Thursday saw some mixed reports on the economy. One said the U.S. economy’s growth in the final three months of last year was stronger than earlier estimated. Another said fewer U.S. workers applied for unemployment benefits last week, indicating a solid job market.
Other reports showed sentiment among U.S. consumers is stronger than expected, but manufacturing in the Chicago region is contracting by more than forecast.
In the bond market, the yield on the 10-year Treasury rose to 4.20% from 4.19% late Wednesday. The yield on the two-year Treasury, which more closely tracks expectations for the Fed, rose to 4.62% from 4.57%.
Abroad, Tokyo’s Nikkei 225 slumped 1.5%. Movements were more modest across much of the rest of Asia and Europe.
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