New York stock market report.

The three major U.S. stock indices all closed higher.

The Dow Jones Industrial Average surpassed the 53,000 mark for the first time in history, setting a new record high, while the Nasdaq rose by over 1% and the S&P 500 gained more than 0.7%.

By sector, technology, financial, and communication services stocks each climbed more than 1%, leading the market rally.

New York stocks rose across the board today, fueled by a rebound in AI-related tech stocks and expectations for second-quarter earnings.

Semiconductor stocks, which had recently faced concentrated profit-taking, showed renewed strength, reviving hopes that the AI investment boom will continue. Economic indicators confirming economic expansion and a recovery in employment also supported investor sentiment.

The Institute for Supply Management (ISM) reported that the services Purchasing Managers Index (PMI) for June came in at 54, meeting market expectations.

While it remained above the 50-point threshold that indicates economic expansion, marking 24 consecutive months of growth, business activity and new orders showed a slight slowdown.

However, as the employment index turned to growth for the first time since February, the market assessed that the U.S. economy is maintaining stability without overheating.

Among individual stocks, Broadcom rose by over 3% after announcing the extension of its partnership agreement with Apple until 2031, while Microsoft fell by around 1% following news of a workforce reduction affecting approximately 2% of its total employees.

Earnings reports from major companies such as Delta Air Lines and PepsiCo are scheduled for this week.

The market expects to gauge domestic consumer sentiment through PepsiCo and summer travel demand through Delta Air Lines.