VET:CC - S&P Surpasses 5500

The S&P 500 climbed on Thursday to briefly pass 5,500 for the first time ever, as the artificial intelligence-driven rally in Nvidia showed no signs of slowing down.

The Dow Jones Industrials popped 147.65 points to 38,982.51.

The much-broader index gained 22.46 points to 5,495.69.

The NASDAQ faded 4.3 points, to 17,857.93.

Nvidia rose 1%, building on the previous session's gains that cemented the chipmaker as the most valuable public company. Shares of the de facto market leader have climbed more than 180% this year as the AI boom continues to boost equities even as consumers show slowing signs of spending and some potential economic weakness.

Darden Restaurants edged up 2% after topping earnings expectations, while Trump Media & Technology Group sank 10%, building on Tuesday's loss.

Fresh economic data released Thursday contributed to some recent signs of a slowing economy. That data included higher-than-expected weekly jobless claims and poor housing starts and permits. A reading of the Philadelphia fed Manufacturing Index also came in below expectations.

Prices for the 10-year Treasury sagged, raising yields to 4.28% from Tuesday's 4.21%. Treasury prices and yields move in opposite directions.

Oil prices gained 70 cents to $82.27 U.S. a barrel.

Gold prices rose $20.30 to $2,367.20