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.
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.
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 S&P 500 is on track for its first record close since Dec. 6. Traders should beware of chasing the move, said Jonathan Krinsky, chief market technician at BTIG, in a Wednesday morning client note.
Of the S&P 500 companies that have reported earnings so far, 79% have beat estimates, according to FactSet data.
The S&P 500 has clinched another record high as the rally in U.S. equities shows no signs of stopping following excellent earnings. The broadest market gauge hit a new intraday trading high at 6,100,
US stocks closed strong after Trump took office on Monday and seemed to soften his stance on tariffs. Dow and S&P 500 ended at highest since Dec.
Market surges on AI Stargate initiative & strong earnings. S&P 500 hits record high of 6,100 points, led by tech giants & semiconductor stocks.
All three major U.S. stock indexes remained on pace for a third straight day of gains as of Wednesday's final hour of trading, with the S&P 500 aiming for an all-time closing high with help from names like Netflix Inc.
The S&P 500 (\^GSPC 0.88%) has been on fire for the last two years, racking up a gain of nearly 51%, which it hadn't done since the dot-com era. Along the way, however, its valuati
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Beating the S&P 500 is a hard thing to do consistently, especially if you’re paying hefty management fees or expense ratios for a fund. Indeed, of late, odds are any “active” attempts to top the S&P 500 have been met with underperformance,