Shares of technology companies rose as momentum continued to favor the sector.
Digital currencies and artificial-intelligence stocks have been among the biggest beneficiaries of the risk-hungry mood that took hold of Wall Street after Donald Trump's election.
Bitcoin topped $88,000, up more than 30% since the election.
Nvidia rose to all-time highs, bringing its market-capitalization to a staggering $3.64 trillion. "We believe longer-term investors are better advised to take advantage of potential tech volatility in the near term to build up sufficient AI exposure," said Solita Marcelli, chief investment strategist Americas at money manager UBS Global Wealth Management.
Shares of Shopify surged, approaching their pandemic-era peaks, after the Canadian ecommerce platform reported third-quarter earnings and revenue growth, and said the rate of sales growth could be even higher in the key holiday-shopping quarter.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
11-12-24 1802ET