S&P 500 hits a new record high, closing up 0.65% at 7,798.99, fueled by cooler-than-expected inflation data and a rally in chip stocks like SanDisk (SNDK) and Micron (MU).
Dow Jones Industrial Average added 69.72 points to 53,839.99, with JPMorgan Chase (JPM) reaching an all-time high after a soft jobs report eased rate-hike fears.
Nasdaq Composite surged 0.81% to 26,803.03, while the Russell 2000 gained 0.24%.
