New York Stock Exchange Hits Record Highs as Indexes Climb

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New York Stock Exchange Hits Record Highs as Indexes Climb
Photo: Mark Lennihan/AP/TT

USA's stock exchanges continued upwards on Monday after last week's trading ended with new records in the three leading indexes.

Broad S&P 500 rose 0,4 percent, Dow Jones industrial index 0,1 percent and technology-heavy Nasdaqs composite index 0,7 percent.

Heavy winner was chip giant Nvidia, which presented a plan to invest upwards of 100 billion dollars in Open AI, which develops the AI robot Chat GPT. The share lifted 4,0 percent.

Pharmaceutical company Kenvue plummeted 7,5 percent after media reports that the Trump administration will make a statement about the company's pain-relieving medicine Tylenol. According to the reports, the administration will claim that the active substance in Tylenol, paracetamol, is linked to an increased risk of autism, if the medicine is used by pregnant women.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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