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Wall Street closed higher, with the S&P 500 index scoring an all-time high. Blowout Netflix results and plans for $500b AI investment fuel gains.

Freight delivery company Knight-Swift Transportation (NYSE:KNX) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 3.5% year on year to $1.86 billion. Its non-GAAP profit of $0.36 per share was 10.1% above analysts’ consensus estimates.

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Netflix stock is soaring after earnings. Here's what to know.

Netflix, Oracle and other big technology stocks lifted Wall Street Wednesday as their profits pile higher and excitement builds around the moneymaking prospects of artificial intelligence. The Dow Jones Industrial Average added 130 points, or 0.3%, and the Nasdaq composite climbed 1.3%. The gains came even though most U.S. stocks fell under the weight of another crank higher for Treasury yields in the bond market.

Shares of tech giant Microsoft (NASDAQ:MSFT) jumped 4% in the afternoon session after President Trump announced a $500 billion Stargate project (Joint Venture with OpenAI, Oracle and SoftBank) to develop artificial intelligence infrastructure in the United States. UBS analyst Timothy Arcuri thinks players such as Nvidia would significantly benefit, likely as the supplier of critical semiconductor chips powering some of the anticipated infrastructure requirements, including data centers. As a res

NEW YORK (Reuters) -The dollar was little changed on Wednesday after earlier dipping to a new two-week low, as investors continued to await concrete announcements about U.S. President Donald Trump's tariff plans. Trump said late on Tuesday his administration was weighing imposing a 10% tariff on goods imported from China on Feb. 1, after he earlier said Mexico and Canada could face levies of around 25% by Feb. 1. After hitting a more than two-year high of 110.17 yen last week largely on anticipation of tariffs, the greenback has shown signs of an overcrowded trade reversing on the lack of firm plans from Trump.

JPMorgan Chase CEO Jamie Dimon on Wednesday said the U.S. stock market is overvalued and explained why he’s a little more pessimistic about the global economy than your average Wall Street insider.

Shares of Nvidia, Microsoft, Oracle, and other AI-related companies surged Wednesday after the Trump administration’s announcement of a $500 billion joint venture spurred optimism about a rising tide of AI investments.

Oracle shares soared following news the enterprise software company will team up with OpenAI and SoftBank to build AI infrastructure. Monitor these crucial chart levels.