The S&P 500 and Nasdaq Composite set new record highs on Thursday.

Optimism over a potential interest rate cut by the Federal Reserve and softer-than-expected inflation data buoyed the market.

Chip company Broadcom saw a significant surge in stock price due to strong quarterly sales driven by demand for AI products.

Paramount Global's shares plummeted after failed merger talks with Skydance Media.

Warner Bros Discovery faced losses amid operational difficulties.

Arista Networks experienced stock gains following a price target upgrade, reflecting its strength in the data center networking market.

Generac Holdings received a stock downgrade due to lowered full-year guidance from decreased demand for commercial products.

The market showed mixed performances, with technology companies benefiting from AI trends while media and generator companies encountered challenges.

Investors are closely monitoring crucial data and policy decisions, with the upcoming Union Budget expected to impact market movements.