S&P 500 Builds on Record. Tech Stocks Rally Ahead of Fed Rate Call.
unknown📝 Article Content
Stocks looked set to extend their record-breaking run on Wednesday following earnings reports from two chip companies, while the dollar looked set to carry on sliding after comments from President Donald Trump sparked a brutal selloff for the greenback. S&P 500 futures rose 0.3% after the benchmark hit a new high on Tuesday, and contracts tied to the Nasdaq gained 0.9%. The tech-heavy index was racking up gains after semiconductor manufacturer Texas Instruments and chip tool maker ASML both issued solid guidance, which investors took as a sign that the artificial-intelligence boom still has legs.
📄 Summary
Stocks looked set to extend their record-breaking run on Wednesday following earnings reports from two chip companies, while the dollar looked set to carry on sliding after comments from President Donald Trump sparked a brutal selloff for the greenback. S&P 500 futures rose 0.3% after the benchmark hit a new high on Tuesday, and contracts tied to the Nasdaq gained 0.9%. The tech-heavy index was racking up gains after semiconductor manufacturer Texas Instruments and chip tool maker ASML both issued solid guidance, which investors took as a sign that the artificial-intelligence boom still has legs.