• Wall Street’s major stock indexes rose on Wednesday, with the benchmark S&P 500 registering a record closing high, as investors applauded overall strength in U.S. earnings and monitored Federal Reserve comments for clues on interest rates.
  • With more than half of the S&P 500 companies having reported quarterly results, 81.2% surpassed profit expectations, according to LSEG data on Tuesday.
  • The Dow Jones Industrial Average (.DJI), opens new tab rose 156.00 points, or 0.40%, to close at 38,677.36 while the S&P 500 (.SPX), opens new tab gained 40.83 points, or 0.82%, to finish at 4,995.06. The Nasdaq Composite (.IXIC), opens new tab gained 147.65 points, or 0.95 %, to 15,756.64.
  • The S&P notched another record closing high while the Nasdaq was still almost 2% shy of its record close of 16,057.44 reached in November 2021.