U.S. stocks opened mostly higher as investors digested a slew of corporate earnings reports, including some from the so-called Magnificent 7. Magnificent 7 stocks are mega-cap technology companies whose shares have significant weighting in major stock indexes and have led much of the rally in stocks the past few years. They are Apple, Microsoft, Amazon, Alphabet…
Strong corporate earnings and technology shares boosted Wall Street at Wednesday’s open, with the broad S&P 500 index closing in on its record high. Netflix shares soared to a record high after the streaming giant reported a blowout quarter. Oracle, Nvidia and Microsoft and other artificial intelligence-linked stocks surged after the leaders of SoftBank, Oracle and…
Friday the 13th didn’t spook investors with U.S. stocks little changed on the day as investors bided time until the Federal Reserve meeting on Wednesday. The broad S&P 500 index dipped 0.16 point, or essentially stayed flat, to close Friday at 6,051.09. For the week, it slipped 0.6% to snap a three-week winning streak. The…
U.S. stocks are extending their lead over global peers and some investors believe that dominance could grow if President-elect Donald Trump can implement his economic platform without becoming mired in a full-blown trade war or ballooning the federal deficit. The S&P 500 .SPX has gained over 24% in 2024, putting it well ahead of benchmarks in Europe, Asia and…
Oct 31 (Reuters) – Big technology companies including Microsoft MSFT.O and Meta META.O are stepping up spending to build out AI data centers in a rush to meet vast demand, but Wall Street is hungry for a quicker payday on the billions invested. Microsoft and Meta both said on Wednesday their capital expenses were growing due to their AI investments. Alphabet GOOGL.O,…