Nasdaq hits record 29,000 as Micron surges 13% on strong chip demand and robust jobs data

The Nasdaq 100 index reached a new all-time high above 29,000, driven by a 13.5% surge in Micron Technologies stock amid a strong rally in semiconductor shares. The S&P 500 and Dow also rose, supported by better-than-expected April jobs data showing 115,000 new jobs added and steady unemployment at 4.3%. Despite geopolitical tensions near the Strait of Hormuz, tech stocks led gains with the Technology Select Sector ETF up 2.6%. The Federal Reserve is expected to hold interest rates steady through year-end as markets digest mixed economic signals.