* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, July 11, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Immersive sports and entertainment venue Cosm set to build its 5th location in Cleveland – WKYC

    Cosm Reveals Exciting Vision for Its 5th Immersive Sports and Entertainment Venue in Cleveland

    Monumental Sports & Entertainment’s Samantha Brady on the Power of the RSN’s Direct-to-Consumer Streaming Service Monumental+ – Sports Video Group

    Samantha Brady Reveals How Monumental+ is Transforming Sports Streaming with Direct-to-Consumer Access

    Moses Singer Welcomes Entertainment and Intellectual Property Partner Frederick Bimbler – Yahoo Finance

    Moses Singer Expands Team with New Entertainment and Intellectual Property Partner Frederick Bimbler

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

    Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    2025 WE Local Prague Recap: Inspiring Women in Engineering and Technology – Society of Women Engineers

    SMPTE Opens Early Bird Registration for Media Technology Summit – TVTechnology

    SMPTE Launches Early Bird Registration for Exciting Media Technology Summit

    Google Fiber puts Nokia network slicing technology to the test – Fierce Network

    Google Fiber Puts Nokia’s Network Slicing Technology to the Ultimate Test

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    Kaseya Extends Community Investment with Addition of Technology Marketing Toolkit – Kaseya

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home General

Megacaps rally pushes S&P 500 to first close above 5,000 milestone

February 10, 2024
in General
Megacaps rally pushes S&P 500 to first close above 5,000 milestone
Share on FacebookShare on Twitter

Megacaps rally pushes S&P 500 to first close above 5,000 milestone
© Reuters. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 7, 2024. REUTERS/Brendan McDermid

By Sinéad Carew and Sruthi Shankar

(Reuters) -S&P 500 closed above 5,000 for the first time on Friday and Nasdaq briefly traded above 16,000, with boosts from megacaps and chip stocks, including Nvidia (NASDAQ:) as investors bet on artificial intelligence technology and eyed strong earnings data.

Nvidia finished up 3.6% and hit a record high after Reuters reported it was building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence (AI) processors.

This was after the Wall Street Journal reported Thursday that OpenAI Chief Executive Sam Altman was in talks with investors to raise funds for a tech initiative intended to boost chip-building capacity for power AI, among other things.

“The AI story so far has been all about building the infrastructure, the chips, the data centers,” said David Lefkowitz, head of U.S. equities at UBS Global Wealth Management, adding that the report “at least underscores that there’s potentially a tremendous amount of demand going forward for AI infrastructure.”

While Lefkowitz said the S&P and Nasdaq’s round number milestones likely won’t change investors calculations of the markets risk and reward prospects, he said, “it raises the profile of what’s happening in the market.”

Along with outperformance by the Philadelphia semiconductor index, which closed up 1.99%, technology-focused market heavyweights, including Microsoft (NASDAQ:), Amazon.com (NASDAQ:) and Alphabet (NASDAQ:) also contributed to index gains.

With results in from about two-thirds of companies, LSEG data now shows Wall Street estimates for fourth-quarter earnings growth of 9.0% versus expectations for 4.7% growth on Jan. 1 while 81% of companies are beating estimates, compared with a 76% average in the previous four reporting periods.

“Earnings have been strong so far, above expectations,” said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York, New York. “And there was news about additional growth opportunities for Nvidia specific to cloud computing, another growth area besides AI. Those are the big drivers.”

The fell 54.64 points, or 0.14%, to 38,671.69, the S&P 500 gained 28.70 points, or 0.57 %, to 5,026.61 and the gained 196.95 points, or 1.25 %, to 15,990.66.

Positive earnings and the boost from AI optimism has helped the S&P 500 to notch 10 intraday record highs so far this year.

The Nasdaq closed just 0.4% below its 16,057.44 record closing high registered in November 2021.

For the week, all three indexes registered their fifth straight weekly gain with the S&P adding 1.4%, the Nasdaq rising 2.3% and the Dow climbing 0.04%.

Earlier, data showed U.S. monthly consumer prices rose less than initially estimated in December, but underlying inflation remained a tad warm – a mixed picture that clouded expectations on the timing of interest-rate cuts from the Federal Reserve.

Strong economic data and hawkish comments from Fed policymakers in recent days have dashed hopes the central bank would start cutting interest rates in March.

But Ghriskey points to Fed official predictions in the “dot-plot,” which still imply a rate cut this year.

“The market does have the Fed’s wind at its back. Seemingly we’ve reached the top of interest rates. The next move is going to down. We don’t know when that’s going to be. The Fed keeps throwing cold water on that idea but their votes with the dots say they’re going to be easing in the second half.”

Market participants are awaiting data on January consumer prices next week for more clues on when the Fed will cut borrowing costs.

In individual stocks, Cloudflare (NYSE:) rallied 19.5% as it forecast upbeat first-quarter revenue and profit. But PepsiCo (NASDAQ:) fell 3.6% after its fourth-quarter revenue fell short of estimates as multiple price increases crimped demand for its juices and Lay’s crisps.

Pinterest (NYSE:) shares sank 9.5% after it forecast first-quarter revenue largely below Wall Street estimates.

Advancing issues outnumbered decliners by a 2-to-1 ratio on the NYSE with 456 new highs and 64 new lows.

On the Nasdaq 2,960 issues advanced and 1,300 declined with advancing issues outnumbering decliners by a 2.3-to-1 ratio.

The S&P 500 posted 47 new 52-week highs and 4 new lows while the Nasdaq recorded 312 new highs and 91 new lows.

On U.S. exchanges 11.53 billion shares changed hands compared with the 11.69 billion moving average for the last 20 sessions.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Investing.com – https://www.investing.com/news/economy/futures-edge-higher-ahead-of-revised-2023-inflation-data-3298890

Previous Post

Factbox-Job cuts spill beyond tech sector

Next Post

Ukraine aid bill inches forward in US Senate

Rice Museum: Architecture Rooted in Rural Memory and Ecology – ArchDaily

Rice Museum: Architecture Rooted in Rural Memory and Ecology – ArchDaily

July 11, 2025
Japan Shifts Space Policy from Science to Security – JAPAN Forward

Japan Shifts Space Policy from Science to Security – JAPAN Forward

July 11, 2025
Scientists Develop Glowing Tool To Reveal Cancer Cells – Newsweek

Scientists Develop Glowing Tool To Reveal Cancer Cells – Newsweek

July 11, 2025
The Real Lifestyle And WILDGO Partner To Transform Tokenized Real Estate – BlockchainReporter

The Real Lifestyle And WILDGO Partner To Transform Tokenized Real Estate – BlockchainReporter

July 11, 2025
A Lean World Health Organization for the Global Good – Center for Global Development

Transforming the World Health Organization for Greater Global Impact

July 11, 2025
I upgraded to premium economy for a 13-hour flight on a budget airline. It lacked some perks, but it was still worth the price. – Business Insider

I Upgraded to Premium Economy on a 13-Hour Budget Airline Flight – Here’s What It Was Really Like

July 11, 2025

Givēon’s Soul-Stirring Old-School R&B Heartbreak

July 11, 2025
Blanchard Valley Health System Announces Changes to the Board of Trustees – Bluffton Icon

Blanchard Valley Health System Announces Exciting Updates to Board of Trustees

July 11, 2025
IRS clears way for churches to endorse political candidates – Fox Business

IRS clears way for churches to endorse political candidates – Fox Business

July 11, 2025
Stallion Uranium Provides Update on Technology Data Acquisition Agreement – GlobeNewswire

Stallion Uranium Announces Exciting Progress in Technology Data Acquisition Agreement

July 11, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (716)
  • Economy (739)
  • Entertainment (21,626)
  • General (15,836)
  • Health (9,776)
  • Lifestyle (746)
  • News (22,149)
  • People (741)
  • Politics (749)
  • Science (15,957)
  • Sports (21,237)
  • Technology (15,724)
  • World (722)

Recent News

Rice Museum: Architecture Rooted in Rural Memory and Ecology – ArchDaily

Rice Museum: Architecture Rooted in Rural Memory and Ecology – ArchDaily

July 11, 2025
Japan Shifts Space Policy from Science to Security – JAPAN Forward

Japan Shifts Space Policy from Science to Security – JAPAN Forward

July 11, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version