NEW YORK, Dec. 4 (Xinhua) -- U.S. stocks keep rolling higher, and indexes rose on Wednesday after tech companies talked up how much artificial intelligence (AI) is boosting their results, reported The Associated Press.
The S&P 500 rose 0.3 percent in early trading to add to what looks to be one of its best years of the millennium. It's on track to set an all-time high for the 56th time this year after coming off 10 gains in the last 11 days.
The Dow Jones Industrial Average was up 312 points, or 0.7 percent, as of 9:35 a.m. Eastern time, while the Nasdaq composite was adding 0.6 percent to its own record.
Salesforce helped pull the market higher after delivering stronger revenue for the latest quarter than analysts expected, though its profit fell just short. CEO Mark Benioff highlighted the company's AI offering for customers, saying "the rise of autonomous AI agents is revolutionizing global labor, reshaping how industries operate and scale." The stock of the company, which helps businesses manage their customers, rose 10 percent.
Marvell Technology also jumped after delivering better results than expected, up 17.7 percent. CEO Matt Murphy said the semiconductor supplier is seeing strong demand from AI and gave a forecast for profit in the upcoming quarter that topped analysts' expectations.
