S&P, Nasdaq, Dow Close at Records | Closing Bell

Market Performance - The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all reached record highs [1][6] - The Russell 2000 closed slightly below its record high from the previous week, but still up 0.6% on the day [7] - There was an almost even split in the S&P 500, with 245 names gaining and 256 declining, indicating that gains were concentrated [7][8] Key Stocks and Sectors - The Philadelphia Semiconductor Index (SOX) was up approximately 1.6% [2] - Nvidia's stock was up nearly 4% following the announcement of a letter of intent to invest in OpenAI to support data center construction and AI infrastructure [9] - Oracle's stock gained over 6%, potentially driven by its involvement in securing the algorithm for TikTok in the United States, and the stock has doubled year-to-date [10][12] - Better Home & Finance holdings stock closed up 40.7%, after being up as much as 175%, following Eric Jackson of M.J Capital announcing a long position [14] Company Specific News - Nvidia plans to invest an unspecified amount in the billions in OpenAI to support the building of new data centers and the infrastructure needed to power AI workloads [8][9] - Walmart is adding home delivery for refrigerated drugs, including Ozempic and insulin, with delivery available for 90% of prescription medications in 49 states [22][23] - Compass shares fell 15.7% after the company agreed to buy Anywhere Real Estate in a $0.5 billion stock deal [19][20] - KenView shares fell 7.5% after the Trump administration announced plans to link an active ingredient in Tylenol to autism and warn pregnant women against using the medication unless they have a fever [16] Economic Factors - Simplify Asset Management expressed concern that the market's expectation of rate cuts may not materialize, potentially leading to a pullback [3] - An estimate from Eric Fan Story last year suggested that a 10% reduction in H-1B visas could cost the US $86 billion in GDP [5] - Yields rose modestly, approximately two to three basis points across the curve, despite commentary from a Trump appointee to the Fed advocating for more aggressive rate cuts [20][21]