Today's stock market developments!📈
US stocks gained today. The S&P 500 index is heading for another all-time high, with upbeat results from technology companies, including Netflix, supporting hopes for continued record growth. Microsoft is setting new all-time highs too!
In the course of trading, the added Index S&P 500 0,7 % to build on Tuesday's new closing high. The Dow Jones Industrial Average indicated a return to gains by rising approximately 0.3%, up more than 100 points.
Technology stocks performed well, with the Nasdaq Compositeindex rose by around 1.2% after quarterly results from Netflix $NFLX 📺 helped paint a positive picture for consumers. Shares of the streaming giant saw up as much as 14%by beating expectations in subscriber numbers.
Optimism about the chip industry's resurgence and the proliferation of AI-powered technologies gained momentum thanks to major news from chipmaker ASML $ASML ⚙️a software giant SAP $SAP.
Tesla $TSLA will catch the attention of most investors tonight, announcing its results after the markets close. Attention is turning to deliveries as the electric car maker faces challenges in a competitive market, especially in China. 🚗
Microsoft's market value $MSFT topped three trillion dollars for the first time on Wednesday, that's a conversion of 68.3 trillion crowns. 🖥️
Although we're mostly interested in the results of the giants right now, which as you can see are dragging the whole market along with them. The next session will also bring important information Fed meetingwhere we'll find out what's going to happen with interest rates.
Economic output reaches highest level in seven months - just ahead of Thursday's first reading GDP for the fourth quarter and Friday's release of PCE inflationwhich Fed is watching closely. 📈
How do you like the start of 2024 so far?