Wall Street Soars on Micron's AI Optimism

Wall Street's main indexes opened higher on Thursday, led by a record high for the S&P 500. Micron's positive forecast on artificial intelligence fueled enthusiasm, while investors considered a better-than-expected weekly jobless claims report.

Wall Street's primary indexes surged on Thursday morning, with the S&P 500 hitting a record high. The market was buoyed by Micron's optimistic forecast for artificial intelligence advancements, reinvigorating investor excitement.

The Dow Jones Industrial Average climbed by 198.7 points, or 0.47%, opening at 42,113.42. Similarly, the S&P 500 gained 40.0 points, or 0.70%, reaching 5,762.22. Meanwhile, the Nasdaq Composite saw a significant rise of 245.1 points, or 1.36%, opening at 18,327.34.

This upward trend was further supported by a weekly jobless claims report that came in softer than expected, providing additional market momentum.

(With inputs from agencies.)