S&P 500 Scales New Heights at 6,698 as Tech Momentum and Soft PPI Data Ignite Afternoon Rally

The U.S. stock market experienced a surge of bullish momentum during Monday afternoon trading on March 16th, 2026, as investors reacted to a combination of cooling inflation data and a relentless rally in the technology sector. The S&P 500 (SPY) reached a new milestone, climbing 0.99% to hit a record intraday high of 6,698 points. This upward trajectory was mirrored by the tech-heavy Nasdaq Composite (IXIC), which rose approximately 1.2%, while the Dow Jones Industrial Average (DJI) remained relatively stea ...