The Dow Jones Industrial Average surged 1,041 points, or 2%, by approximately 1:20 p.m. ET while the Nasdaq jumped 2.4%.
Amazon's stock hit a record high Monday. It's pulling back today following the news that founder Jeff Bezos plans to part with some shares.
US stocks opened higher on Tuesday as strong earnings from Palantir Technologies and Caterpillar reinforced investor confidence in artificial intelligence-driven spending, while easing oil prices on hopes of a diplomatic breakthrough in the Middle East supported broader market sentiment. The Dow Jones Industrial Average rose about 694 points, or 1.31%.
GS, JPM, TRV and JNJ stand out as Dow hits a new high amid an AI-driven tech sell-off, with these blue-chip stocks backed by strong earnings growth.
Stock futures are higher amid a flurry of earnings reports after the Dow closed at a record high yesterday; Palantir shares are soaring after the software maker's quarterly results topped Wall Street estimates; SpaceX is scheduled to release its first earnings report as a pubic company after the closing bell; chipmaker Advanced Micro Devices is also set to release results this afternoon; and a number of big-name companies including Dow components Caterpillar and McDonald's have released earnings already this morning. Here's what you need to know today.
The Dow scores a record close Monday as tech stocks lead a broad rally to start August trade.
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US stocks opened higher on Friday as strong earnings from Amazon extended the market's rebound, reinforcing investor confidence in artificial intelligence spending despite ongoing geopolitical tensions in the Middle East. The Nasdaq Composite rose 0.8%, while the S&P 500 gained 0.5%.
US stocks rebounded sharply on Thursday as investors returned to technology shares following Microsoft's stronger-than-expected earnings, helping Wall Street recover from the previous session's steep sell-off triggered by the Federal Reserve's decision to leave interest rates unchanged. The Dow Jones Industrial Average climbed 645 points, or 1.3%, while the S&P 500 gained 1.7%.
US stocks opened higher on Thursday as investors weighed fresh economic data, strong corporate earnings and easing inflation pressures following the previous session's sharp market sell-off. Optimism surrounding Microsoft's quarterly results helped improve sentiment toward artificial intelligence investments, although concerns over spending remained after Meta Platforms reported a sharp decline in free cash flow.
If any investor has stood the test of time, it's Warren Buffett, and with good reason.
Wall Street is set to open higher on Thursday as strong Microsoft results helped technology stocks recover from their sharp post-Federal Reserve sell-off. Dow Jones futures were up 225 points, or 0.4%, while S&P 500 futures pointed to a 0.6% gain and the Nasdaq was called 1.3% higher.