US stocks held steady on Thursday after a strong rally pushed the major indexes to a record high yesterday.
Investors were optimistic about the growing influence of artificial intelligence (AI), which is continuing to boost profits for technology companies.
On Wednesday, the Dow Jones Industrial Average rose 0.68%, while the S&P 500 added 0.62%, and the tech-heavy Nasdaq Composite rose 1.24%.
Salesforce jumped 11% after beating revenue expectations and raising its forecast for the fiscal year.
Marvell Technologies stole the show, jumping 23.2% on impressive revenue.
Other tech giants also saw gains, with Nvidia up 3.5%, Tesla adding 1.9%, and Microsoft up 1.4%.
Federal Reserve Chairman Jerome Powell stressed the central bank's cautious approach, indicating no immediate plans for rate cuts.
He stressed that while the US economy remains strong, it still faces persistent inflationary pressures.
