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.

S&P 500 futures ( ES=F) slipped roughly 0.2%, coming off a three-day win streak that saw the benchmark index close Wednesday on the cusp of setting a new all-time high. Dow Jones Industrial Average futures ( YM=F) traded broadly flat with a record still within reach.

Of the S&P 500 companies that have reported earnings so far, 79% have beat estimates, according to FactSet data.

Wall Street's main indexes rose on Wednesday, with the benchmark S&P 500 hitting an all-time high, as investors cheered streaming giant Netflix's strong quarterly performance and President Donald Trump's multi-billion dollar support to bolster AI infrastructure.

The S&P 500 has given up almost all of its post-election gains, with renewed inflation fears crimping Wall Street optimism about President-elect Donald Trump's proposed tax cuts and deregulation. Strong economic data have dashed hopes for a slew of interest-rate cuts by the Federal Reserve,

The biggest losers in the S&P 500 all faced disappointing sales and earnings. But large declines and extreme volatility can sometimes represent buying opportunities. Returning 25% in 2024, the S&P 500 delivered a record-breaking year for stock market investors.

A month has passed since our previous look at the expected future quarterly dividends of the S&P 500 in 2025. Since that date in mid-December 2024, investors' expectations of how many rate cuts there will be during 2025 have see-sawed between zero and two.

The Nasdaq fell on Monday, while the benchmark S&P 500 bounced off a two-month low and eked out a slight gain as U.S. Treasury yields stayed elevated with investors dialing back expectations on the pace of rate cuts from the Federal Reserve.

Options traders whipsawed by the stock market’s recent gyrations are getting anxious that more bouts of volatility may arrive in the coming days, starting with Wednesday’s report on consumer prices.

The S&P 500 turned positive in late morning trade on hopes that more rate cuts from the Federal Reserve might still on the table for 2025. Fed governor Christopher Waller said he sees potential for up to four more cuts this year,

S&P 500 slides 0.6% as Palantir drops 4% and Moderna tumbles 23%. Rising Treasury yields and upcoming CPI data keep traders on edge.

The yield gap between the S&P 500 and Treasurys is the widest it's been since 2002, highlighting the stock market's lost valuation edge.