The S&P 500 climbed to a record high on Wednesday, fueled by enthusiasm over Netflix's quarterly results and the technology sector's strong performance.
Congressional Democrats outpaced the S&P 500, according to data collected by Unusual Whales. The portfolios were seven points higher than the S&P 500, or 24%.
Stock prices for major alcohol manufacturers and distributors fell Friday morning following a new advisory report from Surgeon General Vivek Murthy. The report called for Congress to mandate cancer risk warning labels on all alcohol products, citing its role as the third leading preventable cause of cancer in the United States.
Apple is approaching a historic $4 trillion stock market valuation, driven by renewed investor confidence in its artificial intelligence advancements and expectations of a new wave of iPhone upgrades.
U.S. stocks fell sharply on Wednesday, erasing earlier gains after the Federal Reserve announced a 25 basis point rate cut and projected a slower pace of rate reductions for next year.
Attorneys general in Minnesota and New Jersey filed lawsuits against Glock on Thursday, accusing the firearms manufacturer of enabling handguns to be easily converted into illegal machine guns using an inexpensive device known as a "Glock switch."
All three major U.S. stock indexes closed at record highs on Wednesday, fueled by a strong rally in technology shares and encouraging comments from Federal Reserve Chair Jerome Powell. Salesforce’s positive earnings report and upbeat market sentiment contributed to the surge, while Powell’s remarks on the economy provided an additional boost.
The stock market is recording its strongest month this year following President-elect Donald Trump’s victory in the 2024 election, reflecting investor optimism about the economic outlook under the incoming administration.
