Tech giants drove the S&P 500 and Nasdaq to fresh record highs on Wednesday, snapping a two‑month slide that had rattled markets amid geopolitical tensions.

Microsoft’s surge and Tesla’s jump lifted the S&P 500 to 7022.95, topping the previous high set in January and signaling renewed investor confidence in growth stocks.

The rally underscored the outsized influence of large-cap tech firms on index performance, a trend investors watch closely when assessing market resilience.

With the Nasdaq’s composite also breaking records, analysts say the tech sector’s momentum could sustain gains, reinforcing the narrative that innovation remains a key driver of U.S. equity valuations.