Sherry Paul, Morgan Stanley private wealth advisors and senior portfolio manager, joins CNBC's 'Closing Bell' to discuss market outlooks.
Wall Street's main indexes rose on Wednesday, with the benchmark S&P 500 hitting an all-time high, as investors cheered streaming giant Netflix's strong quarterly performance and President Donald Trump's multi-billion dollar support to bolster AI infrastructure.
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Global shares rose on Wednesday, powered by a rise in technology stocks after U.S. President Donald Trump announced mammoth spending plans for artificial intelligence infrastructure, while the dollar sagged to a two-week low as tariffs were delayed.
Netflix shot up 14.6% after it reported adding nearly 19 million subscribers during the holiday-season quarter and it topped sales and profit targets. The video streaming service’s expansion into live programming appears to be paying off as it wrapped up its best year ever with more than $40 billion in revenue.
(Reuters) - U.S. stock index futures rose on Wednesday, with those tied to the tech-heavy Nasdaq in the lead as investors cheered streaming giant Netflix's strong quarterly performance and President Donald Trump's multi-billion show of support for the AI technology industry.
NVIDIA Corporation NVDA has been around for decades. However, with the advent of artificial intelligence (AI), the company has witnessed explosive business growth. In the past year, NVDA stock has surged 149%, becoming one of the top S&P 500 performers of 2024.
The company's share price was up 11% as of 11 a.m. ET and had been up as much as 14.9% earlier in the daily session. Meanwhile, the S&P 500 index was up 1.6% and the Nasdaq Composite index was up 2.1%.
Inflation data came in better than expected this morning. Treasury yields fell, sending tech and AI stocks higher. The market found relief after concerns of inflation reverting higher led ...
At the World Economic Forum summit in Davos, Harvard Economics Professor Kenneth Rogoff highlighted AI's significant impact on interest rates, emphasising its influence on productivity, labour markets,
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