The S&P 500, Nasdaq 100, and Dow Jones Industrial Average indices all reached new all-time highs on Wednesday. This was driven by a positive inflation report that boosted the confidence of bullish investors. The three major indices, tracked by SPDR S&P 500 ETF Trust (NYSE: SPY), Invesco QQQ Trust (NASDAQ: QQQ), and SPDR Dow Jones Industrial Average ETF (NYSE: DIA), have had nine positive sessions out of the last 10.
Since hitting lows in April, the Nasdaq 100 has seen a 9.7% rally, while the S&P 500 has gained 7.2%. The S&P 500 closed at 5,308 points on Wednesday, the Nasdaq 100 ended at 18,595, and blue-chip stocks in the Dow Jones Industrial Average closed at a record high of 38,908.
Top-performing sectors in the S&P 500 include technology and real estate, with the Technology Select Sector SPDR Fund (NYSE: XLK) and the Real Estate Select Sector SPDR Fund (NYSE: XLRE) rising 2.2% and 1.7% respectively. Utilities, tracked by the Utilities Select Sector SPDR Fund (NYSE: XLU), were also strong, up 1.4%.
Top-performing stocks in the S&P 500 on Wednesday include Super Micro Computer, Inc. (NASDAQ: SMCI) with a 15.8% increase, D.R. Horton, Inc. (NYSE: DHI) with a 6.5% increase, and Vistra Corp. (NYSE: VST) with a 6% increase. Super Micro Computer benefited from a strong rally in Bitcoin, which rose over 7%.
In the Nasdaq 100 Index, top performers were IDEXX Laboratories, Inc. (NASDAQ: IDXX) with a 5.2% increase, MongoDB, Inc. (NASDAQ: MDB) with a 4.8% increase, and The Trade Desk, Inc. (NASDAQ: TTD) with a 4.7% increase. Among blue-chip stocks, top performers were Salesforce, Inc. (NASDAQ: CRM), Amgen Inc. (NASDAQ: AMGN), and The Home Depot, Inc. (NYSE: HD) with gains of 3.9%, 2.5%, and 2.4% respectively.