U.S. stocks were rising across the board on Wednesday morning, buoyed by the advance in megacap technology names. Under the surface, however, there is furious paddling. The Dow Jones Industrial Average was struggling to hold on to its slight gains,
U.S. stock-market futures pointed to opening gains on Wednesday after Netflix posted better-than-expected results and President Donald Trump unveiled an artificial-intelligence infrastructure package.
Investors are appraising the likely impact of Trump's orders on stocks on the first trading day after the inauguration.
Netflix earnings after the bell drive focus in tech stocks. Dow and S&P climb as optimism over trade policy fuels market gains. Read the full analysis.
All told, the S&P 500 rose 37.13 points, the Dow Jones Industrial Average gained 130.92 and the Nasdaq composite jumped 252.56.
Netflix, Oracle and other technology stocks are lifting U.S. indexes as their profits pile higher and excitement builds around artificial intelligence. The S&P 500 was up 0.5% early Wednesday.
Netflix shot up 14.6% after it reported adding nearly 19 million subscribers during the holiday-season quarter and it topped sales and profit targets. The video streaming service’s expansion into live programming appears to be paying off as it wrapped up its best year ever with more than $40 billion in revenue.
U.S. stock futures point to a positive open on Tuesday, with the Dow Jones Industrial Average futures rising 29 points. Most Asian stocks advanced on Wednesday after President Donald Trump held off from imposing sweeping trade tariffs in his first day in office.
Stocks climbed alongside the dollar and bonds, with traders focusing on prospects President Donald Trump’s policies will boost the outlook for the world’s largest economy.
The Dow Jones Industrial Average and other major indexes extended their gains Wednesday, as Wall Street cheered President Donald Trump's $500 billion Stargate artificial intelligence project. Meanwhile,
Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. Netflix surged late on strong earnings while United Airlines and Interactive Brokers rose on results.Late Tuesday,