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U.S. equities gained at midday Wednesday on an artificial intelligence initiative announced by the White House and strong earnings reports.

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Markets moved higher in mid-day trading Wednesday, with the S&P 500 index hitting a new record high on renewed optimism around President Donald Trump’s trade policies.

Ally Financial shares surged Wednesday after the financial firm topped earnings and revenue estimates as it cut costs, and announced it was selling its credit card business.

Shares of medical technology firm Grail surged 20% to lead Nasdaq 100 winners Wednesday.

European stocks closed higher on Wednesday, driven by heavyweight technology and industrial sectors, with markets seeming unfazed by tariff anxieties stirred by recent declarations from U.S. President Donald Trump. Heavyweight technology stocks <.SX8P> led the charge, rising 1.3%, with technology stocks on Wall Street gaining on upbeat earnings. Despite Trump's promises to levy new tariffs on the European Union and his threats to impose a 10% tariff on Chinese goods by February 1, the markets remained resilient.

MGX stock is soaring Wednesday on the heels of the company’s involvement with OpenAI and SoftBank’s (SFTBY) new Stargate project. There’s just one minor problem — it’s the stock ticker for the wrong MGX.

Shares of Tide and Pampers parent Procter & Gamble rose Wednesday after the consumer goods giant posted fiscal 2025 second-quarter net sales that topped Wall Street estimates.

Shares of digital imaging and instrumentation provider Teledyne (NYSE:TDY) jumped 6.9% in the morning session after the company reported fourth-quarter results, which exceeded analysts' revenue and EPS estimates. Sales benefited from acquisitions and improved demand for TDY's unmanned air systems, surveillance systems, and commercial infrared imaging systems. On the other hand, its EPS guidance for next quarter missed, and its full-year EPS guidance fell slightly short of Wall Street's estimates

Shares of streaming video giant Netflix (NASDAQ: NFLX) jumped 15.4% in the pre-market session after the company reported impressive fourth-quarter results, which blew past analysts' global streaming paid memberships expectations, with a strong net add figure (18.9 million vs. estimates of 9.8 million). This led to a revenue and EPS beat in the quarter. Additionally, revenue guidance for 2025 beat expectations, and the company spoke optimistically about multiple vectors such as ad revenue, live e