S&P 500 hits record close, Nasdaq adds 161 points

US stocks rose at the end of the week’s first session, supported by gains in the technology sector after AMD announced a chip supply deal with OpenAI, which could give the ChatGPT developer a stake in the company.

The Dow Jones Industrial Average fell 0.14%, or 63 points, to close at 46,694, pressured by a 1.45% drop in Home Depot shares and a 5.11% decline in Verizon stock.

The S&P 500 inched up 0.36%, or 24 points, to 6,740, marking a record close for the fourth consecutive session. The Nasdaq Composite also gained 0.71%, or 161 points, to reach 22,941 points, notching another record high.

The tech-focused index was supported by a 23.71% surge in AMD shares to $203.71, after touching a one-year high of $226.71 during intraday trading, following news of a deal with OpenAI.

As for European markets, the Stoxx Europe 600 remained stable at 570, despite a 1% gain in the technology sector.

DAX ended the session flat at 24,378, and CAC 40 lost 1.35% to 7,971, while FTSE 100 slipped 0.15% to 9,479.

As for Asian markets, Japan’s Nikkei 225 surged 4.75% to 47,944 after breaching the 48,000-point mark for the first time ever during the session.

Meanwhile, the broader TOPIX index advanced 3.1% to 3,226, with both benchmarks closing at record highs.

In oil markets, Brent crude futures for December delivery edged up 1.46%, or 94 cents, to $65.47 a barrel.

US WTI crude futures for November delivery rose 1.33%, or 81 cents, to $61.69 a barrel.

Gold futures for December delivery increased 1.72%, or $67.7, to settle at $3,976.30 per ounce, marking the most active contract's 42nd record close of 2025.