Netflix and AI excitement sent Wall Street to the brink of an all-time high on Wednesday. The post appeared first on TV News Check. The post Dow Gains 131, Nasdaq Jumps 253, S&P 500 Adds 37 originally published on TV News Check.
US PMI data came in more mixed than expected, to little effect. The Dow Jones Industrial Average (DJIA) churned into a soft backpedal on Friday, testing down around 200 points on a slow trading day.
The partnership formed by Oracle, OpenAI and SoftBank is due to invest up to $500 billion. SoftBank's shares rose 3.7% on Thursday in Tokyo trading after jumping 11% the day before. Elsewhere in Asia, the S&P/ASX 200 in Australia fell 0.6% to 8,383.50, while the Kospi in Seoul lost 0.8% to 2,526.98.
BANGKOK — World shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. Germany’s DAX gained 0.2% to 21,300 and the CAC 40 in Paris edged 0.1% higher to 7,847.38. Britain’s FTSE 100 slipped less than 0.1% to 8,539.88.
U.S. stock indexes rose on Wednesday due to stronger-than-expected earnings from major tech companies and growing optimism for AI.
Netflix, Oracle and other tech stocks lifted U.S. indexes as their profits pile higher and excitement builds around AI's moneymaking prospects.
Netflix shot up 14.6% after it reported adding nearly 19 million subscribers during the holiday-season quarter and it topped sales and profit targets. The video streaming service’s expansion into live programming appears to be paying off as it wrapped up its best year ever with more than $40 billion in revenue.
The Dow Jones rose Friday on strong Apple earnings and key inflation data, while Deckers stock plunged on earnings results.
Christopher McMahon, CEO of Aquinas Wealth Advisors and author of “Faithful Finances”, spoke with Quartz for the latest installment of our “Smart Investing” video series.
The Dow Jones Industrial Average has surrendered its early gains heading into the afternoon session. But the S&P 500 and Nasdaq Composite were still poised to finish higher. That's at odds with how markets fared on Monday,
As Friday afternoon trading kicked off in New York, the Dow Jones Industrial Average was wavering but appeared to be on track for its biggest three-week rise since late 2022. On a weekly basis, the Dow remains on pace to end higher for the third straight time.