SPY Within 1% of Record as AI Stocks Lead Nasdaq Back
U.S. stocks bounced back sharply on Tuesday, July 7, as artificial intelligence names reclaimed the driver's seat and pushed SPY, the S&P 500 ETF, up 0.87% to $751.28, pulling the fund to within a fraction of its all-time high of $760.40. QQQ, the Nasdaq-100 ETF, led the charge with a 1.43% gain to $722.82, unwinding most of Monday's defensive rotation that had followed June's disappointing 57,000 nonfarm payroll print. Key Takeaways SPY, the S&P 500 ETF, closed at $751.28 on July 7, within 1.2% of its all-time high of $760.40. QQQ, the Nasdaq-100 ETF, rose 1.43% to $722.82, powered by a Broadcom-Apple silicon deal and SpaceX's Nasdaq 100 inclusion scheduled for July 8. Tesla surged 6.69% to…
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