Tech stocks push Nasdaq, S&P 500 to record highs as Bitcoin taps $75K
Tech stocks helped drive the Nasdaq to 24,016 and the S&P 500 to 7,022 as Bitcoin climbed nearly 10% over the past two weeks.
US equities and tech stocks gained on Wednesday as investors looked optimistically to a de-escalation of the US-Iran war, while the price of Bitcoin tapped $75,000 amid broader positive momentum across the crypto market.
According to data from Yahoo Finance, the tech-heavy Nasdaq Composite hit a new all-time high of 24,016.02 on Wednesday, closing the trading day with a 1.59% gain, while the S&P 500 tagged its own record high of 7,022.95 after notching a slight gain of 0.8%.
The indexes’ performance on the day was led by a 2.08% gain in tech stocks overall. Meanwhile, Bitcoin hit $75,229 on Wednesday, rising 1.07% over the past 24 hours and continuing recent positive momentum that has seen BTC climb nearly 10% over the past two weeks.