// COMPARE

The S&P 500 notched another record close at 7,610, up 0.1%, as a powerful chip rally outweighed an oil spike and the crypto rout.

AI is doing the heavy lifting and breadth is narrow, with semiconductors carrying the index higher.

Sustaining records needs follow-through from mega-cap tech; Friday's NFP print is the next macro test.

Tesla rose 1.9% to $423.74, outperforming megacaps as SpaceX IPO buzz lifted the broader Musk complex.

Sentiment, not fundamentals, is driving the move — the reported $75bn SpaceX IPO halo and EV-policy headlines are the fuel.

$430 resistance and $410 support frame the range into the next session.