S&P 500 Tops 6,600, Dow Hits 46,000 as AI-fueled Rally Fuels Q3 Surge
In the third quarter of 2025 the U.S. equity market broke new ground, with the S&P 500 slipping past 6,600 and the Dow Jones soaring above 46,000. Strong earnings, AI‑driven tech gains and expectations of a softer Federal Reserve stance lifted investor confidence. The rally follows a 30% climb since April and analysts now see room for further upside. Valuations sit near the top of historic ranges but are defended by robust growth forecasts. Market participants balance excitement with caution over future volatility.