The S&P 500 hit a record Wednesday as AI stocks rallied after President Donald Trump announced a $500 billion Stargate project.
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.
President Donald Trump's boost to AI demand hopes is outweighing fresh tariff threats on China and the EU, as earnings season rolls on.
Wall Street closed higher, with the S&P 500 index scoring an all-time high. Blowout Netflix results and plans for $500b AI investment fuel gains.
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 shook off the December doldrums to touch a new intraday high of 6,100.81 on Thursday. It’s also just a hair away from its all-time closing high.
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's indexes 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.
The joint venture will deploy US$100 billion “immediately” and have a goal of increasing to “at least” US$500 billion in AI projects, including data centers and physical campuses.
Leading technology companies have revealed plans to form a new company, named Stargate, with the goal of enhancing the AI
Investors are appraising the likely impact of Trump's orders on stocks on the first trading day after the inauguration.
Shares of DestinyTech 100 Inc., a closed-end fund that offers investors exposure to private companies such as SpaceX and OpenAI, are down 2.9% Friday following the explosion of SpaceX’s Starship spacecraft.