President Donald Trump's boost to AI demand hopes is outweighing fresh tariff threats on China and the EU, as earnings season rolls on.
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.
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.
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 CNN Money Fear and Greed index showed further improvement in overall market sentiment, while the index remained in the “Fear” zone on Wednesday. U.S. stocks settled higher on Wednesday, with the S&P 500 surging to a new all-time high during the session.
Thursday's session features more earnings, including from American Airlines, and the release of weekly jobless claims.
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.
The calm moves in futures come after a Wednesday trading session that saw the S&P 500 set an intraday record high on Wednesday. The broad market index finished the day with a gain of 0.61%, just below its record closing high, for a third-straight winning session.
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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.
U.S. stocks were retreating early Thursday following a day of gains. Uncertainty about the impact of President Donald Trump’s tariff plans are keeping markets jittery. So far, Trump has yet to make any big moves on taxing imports,