The US stock index S&P 500 rose to a new all‑time high, closing above 7,800 points for the first time in its history. The market recovered despite a host of adverse factors. Investors continued buying equities even amid a surge in energy prices, a rise in government bond yields to 2002 peaks, and the Federal Reserve’s decision to resume interest rate increases after a pause.
The primary driver of the advance remains enthusiasm around artificial intelligence and strong corporate earnings. Unlike earlier waves of growth, the current rally has been powered by a narrow group of technology giants investing in infrastructure and advanced microchips. A prominent example is Amazon’s plan to spend roughly $200 billion on capital expenditures. Solid profits at industry leaders have reassured investors about business resilience despite the broader uncertainty.
Investor optimism was not dented even by supply disruptions through the Strait of Hormuz, which sent oil back toward $100 a barrel. The rise in US government bond yields above 5.3% likewise did not trigger a flight from equities. Analysts stress that the US stock market remains the world’s primary magnet for capital thanks to a stable balance of risk and long‑term returns.
