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Options trader Paul Magnesio works on the floor of the New York Stock Exchange, Thursday, June 25, 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 is sending indexes higher on Wall Street. The S&P 500 rose 0.7% Monday and is 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 44 points. 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 held relatively steady. Stock indexes dipped modestly across much of Europe and Asia outside of a strong gain for Hong Kong.