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Trader Michael Milano, center, works on the floor of the New York Stock Exchange, Friday, June 26, 2026.

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Rebounding AI stocks send the S&P 500 within 1% of its record

Rebounding AI stocks send the S&P 500 within 1% of its record

A rebound for AI stocks lifted the U.S. market. The S&P 500 rose 0.7% Monday and pulled within 1% of its record, even though the majority of stocks within the index fell. The strength for AI sent the Nasdaq composite up 1.1%, and the Dow Jones Industrial Average added 0.3% to a record. Broadcom was one of the strongest forces lifting the market after falling more than 2% on both Wednesday and Thursday. Treasury yields and oil prices eased a bit. Stock indexes dipped modestly across much of Europe and Asia outside of a strong gain for Hong Kong.