Netflix stock soars after strong subscriber gains, Oracle teams with OpenAI and SoftBank in a $500 billion AI infrastructure partnership, and Johnson & Johnson falls after mixed guidance.
Wall Street's indexes rose on Wednesday, with the benchmark S&P 500 hitting an intraday record high as investors cheered streaming video provider Netflix's quarterly report and President Donald Trump's private-sector artificial intelligence infrastructure investment plan.
Trump inauguration, Q4 earnings season will be in focus in the holiday-shortened week ahead. • With its transformative business model and clear growth trajectory, Netflix looks like a compelling buy for investors seeking quality growth.
Netflix earnings preview ... on the company to $1K from $1,010 while maintaining its Overweight rating. Procter & Gamble earnings preview: Procter & Gamble reports earnings on Wednesday.
Nasdaq led gains on Wall Street as investors responded positively to Netflix's strong performance and President Trump's AI infrastructure plan. Procter & Gamble also posted gains, while tariff threats loom.
Netflix, Oracle and other technology stocks are lifting U.S. indexes Wednesday as their profits pile higher and excitement builds around the moneymaking prospects of artificial intelli
The S&P 500 hit an intraday record of 6,100 before closing just near those levels. The Nasdaq too was back above the 20,000 mark, ending with gains of 1.3%. The Dow Jones gained o
Companies are posting robust results so far this earnings season, but the bar is high for stock gains to continue.
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Analysts are expecting Procter & Gamble Co. PG to post quarterly earnings at $1.86 per share on revenue of $21.54 billion. The company will release earnings before the markets open. Procter & Gamble shares gained 1% to $163.38 in after-hours trading.
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.
Netflix, Oracle and other technology stocks are lifting U.S. indexes Wednesday as their profits pile higher and excitement builds around the moneymaking prospects of artificial intelligence.