U.S. Stocks Close Higher Again; Nasdaq Rises 1.3 P.c.

RTTNews | 231天前

(RTTNews) - U.S. stocks closed on a firm note on Wednesday as investors reacted positively to some upbeat earnings updates and corporate news, and on continued optimism about a few interest rate cuts by the Federal Reserve this year.

Worries about tariff threats lingered but investors largely shrugged off concerns and kept picking up stocks.

The major averages all closed on a strong note, with the tech-laden Nasdaq recording a more pronounced gain thanks to buoyant earnings and sales guidance by Netflix, and Trump's AI initiative.

The Dow closed up 130.92 points or 0.3 percent, at 44,156.73. The S&P 500 gained 37.13 points or 0.61 percent, settling at 6,086.37, while the Nasdaq climbed 252.56 points or 1.28 percent, to 20,009.34.

Trump's announcement of a $500 billion private-sector AI infrastructure investment plan from a venture involving Oracle, Open AI and Softbank set the stage for tech stocks's strong performance.

Oracle Corp shares surged nearly 7 percent, NVIDIA climbed about 4.2 percent, Microsoft gained nearly 4 percent and Meta Platforms closed up by about 2.7 percent.

Netflix soared nearly 10 percent, after the company reported an addition of 19 million subscribers in the fourth quarter, the biggest ever subscriber gains in any quarter. Netflix's bottom line came in at $1.869 billion, or $4.27 per share in the fourth quarter, compared with $938 million, or $2.11 per share, last year.

Among other prominent gainers in the session, Amazon, Eli Lilly, Procter & Gamble, Salesforce, Cisco Systems, American Express, Analog Devices and Nike advanced 1 to 2 percent.

Pfizer, Booking Holdings, Morgan Stanley, Merck, Chevron Corporation, Bank of America, Johnson & Johnson, Tesla and Exxon Mobil Corporation closed notably lower.

In overseas trading, Asian stocks ended mixed on Wednesday, with Chinese and Hong Kong markets falling sharply after U.S. President Donald Trump threatened tariffs on the EU and China to address trade imbalances and combat fentanyl trafficking.

European stocks closed broadly higher on Wednesday, and several markets in the region posted record highs, reacting to some upbeat earnings updates and on optimism about interest rate cuts by the Federal Reserve and a few other central banks, including the ECB, this year.

Swiss Franc Falls Against Majors

The Swiss franc dropped against its major counterparts in the New York session on Wednesday.

RTTNews | 42分钟前

Swiss Market Ends Moderately Lower

After a brief spell in positive territory early on in the session on Wednesday, the Switzerland market turned a bit easy and moved along the flat line till around mid afternoon before losing ground to eventually close on a negative note.

RTTNews | 3小时31分钟前

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors digested data showing a modest drop in U.S. producer prices in the month of August, and continued to assess the developments on the trade front. Some of the major markets started off on a firm note, but failed to sustain at higher levels.

RTTNews | 4小时1分钟前

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.

RTTNews | 7小时14分钟前

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.

RTTNews | 7小时36分钟前

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.

RTTNews | 8小时55分钟前

Bay Street Seen Opening Higher

Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.

RTTNews | 9小时4分钟前

Major European Markets In Positive Territory In Cautious Trade

The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.

RTTNews | 9小时37分钟前

EURUSD	1.16948	GBPUSD	1.35269	AUDUSD	0.66109
USDJPY	147.391	USDCAD	1.38597	USDCHF	0.79859