The Nasdaq rose to a record high on Thursday, leading a cautious climb across Wall Street's major indexes, as strong economic data lifted spirits and airline stocks took off on United Airlines' results.

AI-related stocks have delivered explosive gains for the past two and a half years. Nvidia (NASDAQ:NVDA) turned its GPUs into the picks and shovels of the new gold rush and became the planet’s most valuable company.

U.S. stock futures relentlessly pushed ahead as they were uniformly higher early Friday, after the broader market scaled a fresh peak in the previous session. Federal Reserve Governor Christopher Waller called for a 25-basis-point rate cut at the July rate-setting meeting,

Wall Street benchmarks closed modestly higher on Wednesday, with the Nasdaq Composite achieving its latest record finish, despite a chaotic half hour when news reports suggested U.S. President Donald Trump was set to fire Federal Reserve Chair Jerome Powell.

Key Points Some Wall Street analysts are ultra-bullish on Tesla stock.There's one catalyst responsible for this bullishness.These 10 stocks could mint the next wave of millionaires › Dan Ives, a notable analyst at Wedbush Securities,