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The Economic Times

Markets / The Economic Times

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S&P 500 flirts with record high; chipmakers and small caps jump

The S&P 500 closed higher, driven by gains in AI-related chipmakers and tech giants like Alphabet and Amazon. Smaller companies also saw significant gains, with the Russell 2000 outperforming major indices. Positive economic fundamentals and strong earnings, particularly in technology, fueled investor confidence despite concerns over tech valuations.

3 Feb 2026 6:04 am