S&P 500 Nears Historic High After Netflix Surge

Nvidia Shares Lead Gains in Dow Jones, Boosted by AI Investment Enthusiasm.

Wall Street’s three major indexes advanced during midweek trading. The S&P 500, representing the most valuable companies in the U.S., neared its historical high reached last month, driven by a boost from Netflix following a record-breaking report.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewFCA, CySEC, ASIC, MAS, FSA, EFSA, DFSA, CFTCUSD 100Visit Broker
🥈Read ReviewFSCA, FSC, ASIC, CySEC, DFSAUSD 5Visit Broker
🥉Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewASIC, FCA, CySEC, SCBUSD 100Visit Broker
6Read ReviewFCA, FSCA, FSC, CMAUSD 200Visit Broker
7Read ReviewBVI FSCUSD 1Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

SPX

The Dow Jones Industrial Average, comprising 30 large-cap stocks, gained 0.30%, closing at 44,156.73 points. The S&P 500 advanced 0.61%, finishing at 6,086.37 units, while the Nasdaq Composite climbed 1.28% to 20,009.34 points.

Netflix Standed Out with Great Earnings

Netflix (+9.69%) sparked investor optimism by reporting a significant increase in its fourth-quarter earnings, while Oracle (+6.75%) and other major tech companies also lifted the market, fueled by positive expectations surrounding artificial intelligence.

Specifically, Netflix shares rose after the company reported a 19 million increase in its number of net new paid subscribers, far surpassing expectations. Another positive report came from Travelers (+3.2%), whose figures also exceeded consensus.

Meanwhile, Oracle shares jumped after it was revealed that a partnership involving the company, OpenAI, and Japanese giant SoftBank could invest up to $500 billion. SoftBank (+10.6%), listed in Japan, surged sharply.

AI and Tech Stocks

Following this news, other AI-related stocks saw gains, with Nvidia (+4.43%) standing out. Nvidia surpassed Apple (+0.53%) as the most valuable company by market capitalization, closing the day at a valuation of $3.6 trillion.

Tech stocks led the gains, with Nvidia, followed by Microsoft (+4.13%) and Travelers, standing out within the Dow Jones. On the downside, Home Depot (-1.99%) and Johnson & Johnson (-1.94%) posted losses, in line with expectations.

NVDA/USD

Despite these gains, most U.S. stocks moved in the opposite direction due to rising Treasury bond yields. The Russell 2000 Index, which tracks small- and mid-cap companies, dropped by 0.6%.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
ABOUT THE AUTHOR See More
Ignacio Teson
Ignacio Teson
Economist and Financial Analyst
Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Add 3442

Add 3440