S&P 500 Hits New Record High on Strong Earnings and AI Spending
The S&P 500 index has reached a new record high, driven by strong corporate earnings and continued investor optimism surrounding AI spending. The Dax also saw a record high, though without widespread celebration.
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S&P 500 Poised for Another Record as AI Spending Narrative Holds
Futures climbed on Wednesday as the latest batch of earnings pointed to strong demand for, and spending on, artificial intelligence. SpaceX reported higher-than-expected AI-related outlays, which overshadowed results that broadly beat forecasts, while Nvidia Corp. rallied after Elon Musk touted his computing plans.
By Felice Maranz
Read full article →Futures Hit New Record High On Strong Earnings Following Historic Call Buying Frenzy
Futures Hit New Record High On Strong Earnings Following Historic Call Buying Frenzy S&P 500 futures are up following yesterday’s first ATH since June; both tech and small caps are lagging, pointing to another potential broadening. A jump in US tech stocks is holding too, with Nasdaq-100 contracts rising after a 3.3% surge in the session before, powered by semiconductor stocks and blowout Palantir earnings. S&P futures are up 0.4%, just shy of 7800, a new all time high, while Na...
By Tyler Durden
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