S&P 500, Nasdaq eke out fresh records, Nvidia closes at $4T market cap

US stocks rose to eke out fresh record highs on Thursday, as Nvidia ticked higher following a major milestone and bitcoin  surged to a new record amid fresh tariff threats from President Trump.

The Dow Jones Industrial Average rose around 0.4% on the heels of a winning day for the major gauges. Meanwhile, the S&P 500 added about 0.3% to close at a fresh record of 6,280.46, while the tech-heavy Nasdaq Composite  rose 0.1%, to notch its second straight all-time high.

AI chipmaker Nvidia edged higher to close just above $4 trillion market cap, after becoming the first public company to ever cross the threshold.

Meanwhile, bitcoin vaulted to a fresh all-time high, breaking above $113,000 as investors went risk-on across assets.