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S&P 500 Hits Record High as AI Powers Tech Rally: Markets Wrap


Published on 2025-01-22 15:41:09 - bnnbloomberg
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  • A rally in big tech and a batch of earnings from corporate heavyweights drove stocks to the brink of all-time highs in a continuation of the advance fueled by the strength of Corporate America.

The article from BNN Bloomberg discusses the positive momentum in the stock market, with a particular focus on Netflix, which is poised to set a record. The S&P 500 and Nasdaq 100 both saw gains, with the S&P 500 inching closer to its all-time high. Netflix shares surged after reporting strong subscriber growth, significantly outperforming expectations. This performance was attributed to the company's successful crackdown on password sharing and the introduction of an ad-supported tier. Additionally, the market was influenced by broader economic indicators, including a drop in U.S. consumer confidence and anticipation around upcoming economic data releases like the U.S. GDP figures. The article also touches on movements in other stocks like Tesla, which saw a decline, and mentions the broader market sentiment influenced by expectations of Federal Reserve actions on interest rates.

Read the Full bnnbloomberg Article at:
[ https://www.bnnbloomberg.ca/investing/2025/01/22/stocks-march-higher-with-netflix-poised-for-record-markets-wrap/ ]