Thursday's session features more earnings, including from American Airlines, and the release of weekly jobless claims.
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.
The S&P 500 ( ^GSPC 0.61%) delivered a return of 23% in 2024, which was more than double its average annual gain dating back to when it was established in 1957. However, had you invested in the Vanguard Information Technology ETF ( VGT 2.00%) instead, you would have earned a return of 32% for the year.
Dow Jones Industrial Average rises 120.97 points, or 0.27 per cent, to 44,146.78. Read more at straitstimes.com.
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 ...
Since 2020, the Magnificent 7 stocks have soared an average of 640%, dwarfing the SP 500s 100% gain and now accounting for 34% of the indexs weight, according to Jefferies. Performance within the group varies widely,
U.S. stocks could open on a positive note on Wednesday, continuing to rally after Donald Trump's inauguration as the 47th President of the U.S. on Monday.
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.