NEW YORK (AP) — Netflix, Oracle and other big technology stocks lifted Wall Street Wednesday as their profits pile higher and excitement builds around the moneymaking prospects of artificial intelligence. The S&P 500 rose 0.6% and came close to its all-time closing high set early last month. The Dow Jones Industrial Average added 130 points, or 0.3%, and the Nasdaq composite climbed 1.3%.

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.