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.
U.S. stock indexes rose on Wednesday due to stronger-than-expected earnings from major tech companies and growing optimism for AI.
Wall Street indexes hit new highs, driven by optimism in tech stocks, following President Trump's announcement of a $500 billion AI infrastructure plan. Netflix soared on strong subscriber numbers, while semiconductor shares surged on AI excitement.
Project Stargate will see companies like Oracle, SoftBank, MGX, and OpenAI commit an initial $100 billion to build data centers in the U.S.
STORY: Wall Street's main indexes rose Wednesday, with the S&P 500 hitting an intraday record high thanks to strong Netflix earnings and a rally in tech shares.The Dow gained three-tenths of a percent,
Wall Street opens higher, with the S&P 500 index near its all-time high. Blowout Netflix results and anouncement of a $500b AI investment fuel gains.
Dow Jones Industrial Average rises 120.97 points, or 0.27 per cent, to 44,146.78. Read more at straitstimes.com.
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.
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.
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'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 qu..
Dow, S&P 500, and Nasdaq futures are rising in premarket trading Wednesday as the stock market braces for another day of Trump orders.