5 things to know before the stock market opens Friday

• The S&P 500 hit a record and the Dow closed above 39,000 for the first time as Nvidia fueled another rally.
• Intuitive Machines became the first company to land on the moon, as it put the first U.S. spacecraft on the lunar surface since 1972.
• After a long wait, Reddit filed for its IPO, and expects to go public in March.

Here are the most important news items that investors need to start their trading day:

Nvidia keeps pulling the stock market along with it. The chipmaker's dizzying climb continued Thursday, as a 16% spike in its share price after another strong earnings report brought its market cap to just shy of $2 trillion. The AI-fueled optimism around Nvidia boosted chip stocks, the tech sector and the broader market. The S&P 500 notched a new high on Thursday and the Nasdaq Composite ended the day just below its record close, as both indexes enjoyed their best days since early 2023. The Dow Jones Industrial Average closed above 39,000 for the first time. Follow live market updates here.

As the new space race rolls on, Thursday brought another historic moment to the final frontier. Intuitive Machines became the first company to land on the moon when its IM-1 mission touched down on the celestial body. The cargo lander "Odysseus" became the first U.S. spacecraft to go to the lunar surface since 1972. Befitting its Greek mythological name, the craft faced some delays — both expected and unexpected — on its way home. After mission control established contact with the lander, Intuitive Machines CEO Steve Altemus said, "Welcome to the moon." The landing is key for government agency NASA, which will rely more on private companies to carry out missions in the years ahead. Intuitive Machines shares spiked as much as 50%