Traders work on the floor of the New York Stock Exchange on January 15, 2025 in New York City.
David Dee Delgado | Getty Images
Stocks rose on Wednesday, pushing the S&P 500 index to new highs. oracle and Nvidia They rallied behind the optimism of artificial intelligence and President Donald Trump's new term in office.
of S&P500 It rose 0.61% after hitting an intraday record of 6,100.81, surpassing the last milestone reached in December before the market pulled back. The composite index ended at 6,086.37, just below its all-time closing price.
of Nasdaq Composite It soared 1.28% to 20,009.34, highlighting its outperformance from tech companies. of Dow Jones Industrial Average It rose 130.92 points (0.3%) to 44,156.73. procter and gamblerose nearly 2% on strong earnings.
The stock price soared following the announcement of strong financial results. Netflix It rose more than 9% after the company surpassed 300 million paid members. Fourth-quarter profits and sales also exceeded analyst expectations. The streamer's results were boosted by its hit series “The Squid Game” and live sporting events such as a boxing match between Jake Paul and Mike Tyson.
Oracle shares rose more than 6% and Nvidia rose more than 4% as investors began flocking to AI deals following the new White House announcement. President Trump on Tuesday announced a joint venture called Stargate, which will be funded by OpenAI, Oracle, and SoftBank. “At least $500 billion.” with AI infrastructure within the United States.
Keith Lerner: “Economic resilience, easing inflation, stable interest rates, a strong start to earnings season, and President Trump's easing of his initial focus on tariffs combine to provide a solid backdrop for the market.'' “I am doing so,” he said. Co-Chief Investment Officer of Trust. “The technology industry is reaffirming its leadership with the Stargate project highlighting long-term tailwinds and the transformative potential of AI.”
“Today was another reminder that the key theme of this bull market is artificial intelligence and technology,” Lerner added.
market revival
The S&P's rally to all-time highs completes a rebound from the pullback for investors in late 2024. Despite the market-wide index ending last year up 23%, it fell 2.5% in December as traders grew concerned that the Federal Reserve would not be able to cut interest rates as much as expected.
This lackluster performance affected the first few trading sessions of 2025, but some data pointing to gradual easing on the inflation front helped the market recover.
Also driving the movement to record levels is optimism about President Trump's policies, especially after taking office this week. Investors are hoping President Trump's loosening of regulations and lower corporate taxes will boost profits.
Since the beginning of the year, the S&P 500 index is up 3.5%. The Dow and Nasdaq each rose more than 3%.
SPX Year to Date
