A rally in big tech fueled by optimism over artificial intelligence and a batch of earnings from corporate heavyweights sent stocks to the brink of their all-time highs.
Wall Street's technology superstars tumbled Monday as traders worried that a competitor from China will chill the hot market created by artificial-intelligence businesses.
1 Day SFTBY -9.99% DJIA 0.65% S&P 500 -1.46% Telecommunication Services 1.00%
Nvidia and other tech stocks win back some of Monday’s sharp losses on Tuesday. The post appeared first on TV News Check. The post Dow Climbs 137, Nasdaq Rallies 392, S&P 500 Adds 55 originally published on TV News Check.
In international markets, chipmaking and electrification companies saw pressure on the fears over the DeepSeek AI service. SoftBank -- the company that said it would fund up to $500 billion in AI infrastructure as well as the main shareholder of microchip designer ARM -- saw its stock dive 8%.
The S&P 500 climbed to 6,100 for the first time during Wednesday's session. Traders cheered strong earnings and an AI initiative Trump announced on Tuesday.
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.
Of the S&P 500 companies that have reported earnings so far, 79% have beat estimates, according to FactSet data.
Netflix shot up 14.6% after it reported adding nearly 19 million subscribers during the holiday-season quarter and it topped sales and profit targets. The video streaming service’s expansion into live programming appears to be paying off as it wrapped up its best year ever with more than $40 billion in revenue.
Equities extended this year’s advance, with the S&P 500 briefly topping 6,100 ... over 6.5% on a $100 billion joint venture with SoftBank Group Corp. and OpenAI, an effort unveiled with ...
Asian shares are mixed in muted trading after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through lower rates in September. Benchmarks in Japan and Australia rose Thursday.
Asian shares were mixed in thin Lunar New Year trading on Tuesday after Wall Street’s tech superstars tumbled as a competitor from China raised doubts over the recent artificial-intelligence market frenzy.