The S&P 500 is nearing record highs as traders take in strong earnings results.
-
U.S. stocks rose on Wednesday as traders took in strong earnings reports.
-
Shares of Netflix, United Airlines and P&G rose after beating earnings estimates.
-
Oracle stock rose after Trump announced a $500 billion deal for the software giant on Tuesday.
U.S. stocks rose on Wednesday as traders took in strong earnings reports, sending the S&P 500 to a record high.
Major stock averages were trading higher and Treasury yields were slightly lower, with the yield on the 10-year government bond hovering around 4.578%.
Companies continued to post strong results last quarter, adding more fuel to the market’s rally in Trump’s first week in office.
It was the main event for traders netflix, After 15%, the shares appeared Stream huge win earningsHe led a rally in the technology sector. The company added a record number of subscribers during the quarter, bringing the total to over 300 million.
United Airlines It rose 3% after the airline issued a better-than-expected outlook for 2025. Proctor and gambling It rose 3% after beating estimates.
Here’s where U.S. indexes stood after the opening bell at 9:30 a.m. Wednesday:
Earnings season is off to a strong start. Of the companies that have reported results for the fourth quarter so far, 79% beat estimates, above the 10-year average of 75%, FactSet data shows.
Traders continue to be optimistic about growth and relations in Trump’s second term. Shares of Oracle jumped 10% in early trading Wednesday after Trump announced a $500 billion deal to build with the software giant, OpenAI and SoftBank. AI infrastructure Tuesday.
Bond yields have been lower in recent days as markets adjusted to softer-than-expected tariff plans during Trump’s first days in office. Inflation concerns — and, in turn, fears of higher rates from the Federal Reserve — have been fueled by Trump’s refusal to issue new tariffs by executive order, and he is considering Feb. 1 as the date for tariffs on Canada, Mexico and China.
“The stock market’s January results are still taking shape,” John Crickmoor, chief investment officer at Crickmore Wealth Advisors, said in a statement, with stocks performing strongly for the month, and the S&P 500 now above the key 6,000 mark. Note.
“Investors are now focused on earnings and the new Trump administration’s tax cuts and deregulation, and less on the threat of a few Federal Reserve rate cuts this year.”