Stocks Surge to Record Highs as AI Boom Meets Trade Deal Hopes – Boom or Bubble?
The Dow, S&P 500, and Nasdaq all closed at record highs Monday, fueled by optimism over a possible U.S.-China trade deal and expectations of a Federal Reserve rate cut. Tech giants surged on AI enthusiasm, adding $6 trillion in market value since ChatGPT’s launch. Five of the largest tech firms report earnings this week, testing the rally. Some experts warn valuations are outpacing fundamentals.