Dow Jones Extends Rally on AI and Tech Gains

The Dow Jones Industrial Average (.DJI) climbed higher on Tuesday, continuing its upward trajectory from the previous day. The index rose about 0.2% to 51,268, supported by gains in AI and tech stocks. The Nasdaq led the rally with a 1.1% increase, hitting a new record of 27,477, while the S&P 500 gained 0.7% to reach 7,774.

Nvidia was a standout performer, closing near $240 and nearing a $5.8 trillion market value after BNP Paribas increased its price target to $345. SpaceX shares surged about 7.6%, while Tesla, Meta, and Microsoft each saw gains exceeding 1%. The rally extended into the bond market, reflecting broader investor optimism.