Finance

Mega-cap technology and chipmaker stocks spearheaded the broader market gains as artificial intelligence investment remains a dominant market theme. Industry heavyweights Nvidia and AMD both notched record highs during the session. Marvell Technology also contributed to the sector's enthusiasm, surging after bumping up its long-term revenue guidance during its investor day.

The benchmark 10-year U.S. Treasury yield experienced a mild pullback, closing near 5.28% after testing intense multi-decade highs earlier in the week. Investors eased pressure on fixed income as immediate anxieties regarding inflation and aggressive interest rate projections softened. Despite the slight relief, bond yields still hover at their highest sustained thresholds since the mid-2000s.

Shares of nuclear power generation firms jumped sharply following a major announcement from Constellation Energy. The utility provider secured a comprehensive, long-term power purchase contract with Google to supply electricity for the tech giant's expanding infrastructure. The news sparked a broader rally across adjacent energy and utility players like Vistra and Talen Energy.