Netflix stock soars after strong subscriber gains, Oracle teams with OpenAI and SoftBank in a $500 billion AI infrastructure partnership, and Johnson & Johnson falls after mixed guidance.
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 stocks rose early Wednesday following a round of mostly solid corporate earnings while digesting talk of fresh US tariffs from President Donald Trump.
A rally in big tech and a batch of earnings from corporate heavyweights drove stocks to the brink of all-time highs in a continuation of the advance fueled by the strength of Corporate America.
US stocks extended gains on Wednesday as investors were buoyed by Netflix strong quarterly report and a surge in technology shares following US P
Nasdaq futures (NQ=F) are jumping this morning after President Trump announced Stargate, a push to help support AI growth in the United States. Among the big companies involved in the project are OpenAI,
The S&P 500 was up 0.6% in midday trading and on track for its sixth gain in the last seven days. The Dow Jones Industrial Average was up 68 points, or 0.2%, as of 10:35 a.m. Eastern time, and the Nasdaq composite was 1.2% higher.
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.
Of the S&P 500 companies that have reported earnings so far, 79% have beat estimates, according to FactSet data.
The Cboe Options Exchange (CBOE) saw more than 2.4 million call contracts and over 1.1 million put contracts exchanged on Tuesday. The single-session equity put/call ratio rose to 0.46 and the 21-day moving average remained at 0.61.
US and European stock markets mostly pushed higher Wednesday as investors tracked earnings and President Donald Trump's policy plans as artificial intelligence shares rallied.
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