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Breaking: S&P 500 and Nasdaq Hit Record Highs on Megacaps Boost

Breaking: S&P 500 and Nasdaq Hit Record Highs on Megacaps Boost

The S&P 500 and Nasdaq Composite indices hit fresh record highs at the open on Wednesday for the fifth consecutive session, driven by continued strength in shares of the largest companies. The S&P 500 opened higher by 14.28 points, or 0.26%, at 5,591.26, while the Nasdaq Composite gained 82.80 points, or 0.45%, to reach 18,512.09.


This rally comes as investors show increased confidence in megacap stocks, which have been leading the market surge. However, the Dow Jones Industrial Average saw a slight decline, falling 19.52 points, or 0.05%, to 39,272.45 at the opening bell.


The robust performance of the S&P 500 and Nasdaq highlights the market's positive sentiment toward major tech companies, which continue to drive overall market gains.

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