Alibaba

The Nasdaq pushed to a new all-time high as AI-linked growth stocks, cloud capacity themes and data center spending continued to draw buyers. The Dow lagged behind despite lower crude oil and Treasury yields, leaving the broader market rally dependent on a narrower group of leaders.

The Nasdaq pushed to a new all-time high as AI-linked demand supported storage, cloud capacity and power equipment names. The broader market picture remained uneven, with the S&P 500 turning higher on its daily trend while the Dow struggled below key resistance.