Wall Street just delivered a blockbuster performance! 💥 US stocks surged Wednesday, with the S&P 500 and Nasdaq hitting record closes as investors bet big on upcoming tech earnings. The Dow jumped over 500 points—just shy of its all-time high—while the Nasdaq cracked 21,000 for the first time ever. 🎉
Nine out of 11 market sectors rode the green wave 🌊, led by health care (+2.03%) and industrials (+1.75%). Even automakers joined the party after the US-Japan trade deal announcement, with Toyota and Honda shares rocketing 13%+ in US trading. 🚗💨
Tech giants had mixed results ahead of earnings reports: Nvidia (+2%), Meta (+1%), and Amazon (+0.8%) climbed, while Apple dipped slightly. All eyes now turn to whether Big Tech can justify the market's sky-high expectations. 👀💻
President Trump's revised US-Japan trade terms—including reduced tariffs and $550B in Japanese investments—added fuel to the rally. Detroit automakers Stellantis (+11.5%) and GM (+8.7%) also revved up gains. 📊
With records tumbling faster than TikTok trends 📲, analysts say this rally shows investors are doubling down on tech's growth potential despite global economic headwinds. Buckle up—earnings season could be wild! 🎢
Reference(s):
US stocks close higher amid investor optimism for major tech earnings
cgtn.com