A rally in big tech and a batch of earnings from corporate heavyweights drove stocks toward a record close in a continuation of the surge fueled by the strength of Corporate America.
Wall Street's main indexes rose on Wednesday, with the benchmark S&P 500 hitting a record high, as investors cheered streaming video provider Netflix's quarterly report and technology shares rallied after the announcement of a private-sector artificial intelligence infrastructure plan.
The S&P 500 is on track for its first record close since Dec. 6. Traders should beware of chasing the move, said Jonathan Krinsky, chief market technician at BTIG, in a Wednesday morning client note.
Of the S&P 500 companies that have reported earnings so far, 79% have beat estimates, according to FactSet data.
All three major U.S. stock indexes remained on pace for a third straight day of gains as of Wednesday's final hour of trading, with the S&P 500 aiming for an all-time closing high with help from names like Netflix Inc.
The S&P 500 has clinched another record high as the rally in U.S. equities shows no signs of stopping following excellent earnings. The broadest market gauge hit a new intraday trading high at 6,100,
Netflix, Oracle, and Nvidia lead gains as S&P 500 reaches an all-time high. Explore the drivers behind this rally and what it means for US stock markets today.
Wall Street is coming off a strong session as investors deliberated the implications of President Donald Trump’s return to the White House.
The S&P 500 added 0.9% on Tuesday, Jan. 21, the first day of trading following President Donald Trump's return to the White House.
The S&P 500 index looks set to open higher, putting it within touching distance of the record high reached last month. The implied opening price is 6,021.54, just 1.1% below the record close of 6,090.
S&P 500 and Dow Jones continued to advance, boosted by strong earnings reports. President Trump announces major AI investment drive called Stargate. The Dow Jones has risen approximately 6% since January 13,
Warren Buffett is one of the most popular, quotable investors in the world. The billionaire CEO of Berkshire Hathaway has a legendary investment track record, trouncing the return of the S&P