S&P 500 hits new high as Nvidia surges on OpenAI partnership
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The S&P 500 hit another record on Monday after Nvidia said it’s putting $100 billion into OpenAI, driving a fresh wave of AI hype through markets. Nvidia’s stock exploded to $184.55, the highest it’s ever traded, and gained $200 billion in market value in under an hour. The surge came as the Nasdaq Composite added 0.6%, the Dow Jones rose 117 points, and the S&P 500 itself climbed 0.5%. All three major indexes posted all-time intraday highs during the session. This update is based on reporting from Yahoo Finance. The excitement didn’t stop at equities. The Volatility Index (VIX) jumped 3%. Gold also hit a record, while U.S. Treasury yields turned green. Traders were watching all of it unfold in real time. The scale of Nvidia’s investment shocked the market. Nobody expected a $100 billion announcement tied to OpenAI in the middle of September, but the move immediately repositioned the company as the centerpiece of the next AI wave. Washington gridlock threatens market momentum The energy on Wall Street was real, but a political mess is building in the background. Congress still hasn’t passed a funding bill, and the risk of a government shutdown is rising. Last week, the Senate threw out both Republican and Democrat-backed proposals to temporarily keep the lights on. Senate Democratic Leader Chuck Schumer has now asked President Donald Trump to meet with lawmakers and cut a deal. The deadline to avoid a shutdown is September 30, and nobody’s blinking yet. Markets already had a strong week going into Monday. The three major indexes were all coming off record weekly closes. The Russell 2000 also made headlines after reaching its first all-time high since November 2021. That bounce came after the Federal Reserve lowered rates by 0.25%, the first cut since December. Traders think two more…
Filed under: News - @ September 22, 2025 9:21 pm