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.
So-called Big Tech stocks with outsized weightings in the S&P 500 were rising sharply Wednesday, with gains led by Nvidia Corp. The Roundhill Magnificent Seven ETF, whose portfolio equally weights seven Big Tech stocks — Nvidia,
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.
Thursday's session features more earnings, including from American Airlines, and the release of weekly jobless claims.
President Donald Trump's boost to AI demand hopes is outweighing fresh tariff threats on China and the EU, as earnings season rolls on.
That's music to the ears of Vistra, which cheered the market by acquiring more nuclear power capacity in 2024. Investors eagerly await updates on whether it will sign a deal with a cloud services company, although news of a fire at its California battery plant briefly sent shares sharply lower on Jan. 17.
The S&P 500 hit an intraday record of 6,100 before closing just near those levels. The Nasdaq too was back above the 20,000 mark, ending with gains of 1.3%. The Dow Jones gained o
Nvidia (NVDA -1.10%) was added to the Dow Jones Industrial Average (\^DJI 0.52%) in November 2024. So, technically, it was only in the index for a small portion of the year. But it
Big tech stocks were a drag on the S&P 500 and Nasdaq. Nvidia and Meta Platforms slid around 2%, while Alphabet and Microsoft posted marginal losses of 0.1%. The weakness in these heavyweights ...
U.S. stocks settled lower on Thursday, with the S&P 500 ending a three-session winning streak. Big tech shares recorded losses during the session, with Apple Inc. AAPL falling 4% and NVIDIA Corp ...
Wall Street's indices rose on Wednesday, with the benchmark S&P 500 hitting an intraday record high as investors cheered streaming video provider Netflix's quarterly report and President Donald Trump's private-sector artificial intelligence infrastructure investment plan.
Dow Jones Industrial Average rises 120.97 points, or 0.27 per cent, to 44,146.78. Read more at straitstimes.com.