Stock market surges on Big Tech gains, nearing records

Market Performance - Stocks rose on Wall Street, with the S&P 500 increasing by 0.6% and approaching its record set in late December [1] - The Dow Jones Industrial Average rose by 482 points, or 1%, after setting a record on Monday [1] - The Nasdaq composite also increased by 0.6% [1] Company Movements - Amazon's stock surged by 3.7%, contributing positively to the market despite a 1.7% loss from Apple [2] - Micron Technology's stock rose by 8.8%, further aiding market gains [2] - Sandisk experienced a significant increase of 25.8%, with its stock value jumping over 800% since its spin-off from Western Digital last February, driven by demand for data-storage hardware related to artificial intelligence [3][4] - Western Digital's stock rose by 17.2% [3] Industry Trends - Technology companies, particularly those focused on artificial intelligence, are under close observation during the CES trade show in Las Vegas [4] - Advances in AI have been a key factor in propelling the broader market to record levels in 2025 [4] Economic Indicators - The U.S. government is set to release reports on job openings, unemployment data, and consumer sentiment, which are crucial for understanding the economy's performance [9][10] - The services sector, which constitutes a significant portion of the U.S. economy, will also be updated, providing insights into economic trends [10]