US stocks open in green: Nasdaq, S&P 500 hit record highs

US stock market update [https://invezz.com/wp-content/uploads/2025/05/image-29.webp] US stocks rallied on Thursday, with the S&P 500 and Nasdaq Composite climbing to fresh record highs as investors piled back into technology shares following the Federal Reserve’s rate cut. The S&P 500 gained 0.4%, while the Nasdaq rose 0.8%, both setting all-time highs. The Dow Jones Industrial Average lagged, inching up 14 points. Intel led the charge, surging 24% after Nvidia announced a $5 billion investment to co-develop data centre and PC products with the chipmaker. Nvidia shares added 3%, while other tech names, including Broadcom, Palantir, and Tesla, also advanced. AMD slipped 5%. The rebound came after a choppy session on Wednesday when the Fed delivered a widely expected quarter-point cut. The Dow closed higher, but the S&P 500 and Nasdaq ended in the red after Fed Chair Jerome Powell described the move as “risk management” and signaled a slower pace of easing than markets had anticipated. Policymakers project two more cuts this year, but just one in 2026, compared with traders’ expectations for more aggressive action next year. Even with Wednesday’s volatility,…