Wall Street returned close to its all-time highs on Wednesday, buoyed by the strong performance of technology stocks in a climate of widespread optimism following the presentation of a gigantic AI investment plan.
In late morning trading, the Dow Jones index advanced 0.1% to 44,080.8 points, while the Nasdaq Composite gained a more marked 1.2% to 20,011.3 points.011.3 points.
With a gain of almost 0.7% to 6089.3 points, the S&P 500 is back within touching distance of last month's peak of over 6099.9 points.
The trend is supported by Donald Trump's announcement yesterday of a $500 billion AI investment plan to bolster already robust economic growth.
On the stock front, technology heavyweights such as Oracle (+7%), Palantir (+3.5%) and Microsoft (+3%) were among the main contributors to another session of gains.
AI chipmaker Nvidia posted a 3.6% gain, consolidating its position as the world's largest market capitalization, with a valuation of $3,570 billion.570 billion.
The project, dubbed 'Stargate', calls for the construction of 20 new data centers in the USA over the next few years.
'This alleviates some of the concerns of investors, who feared that demand for AI had peaked', comments a New York-based analyst.
It also improves visibility on Nvidia's growth beyond fiscal 2026", he explains.
On the earnings front, the latest releases are receiving a mixed reception from investors.
Netflix soars by 11% after last night reporting a record quarter in terms of subscribers and announcing its intention to raise prices again.
On the Dow, Procter & Gamble gained nearly 3% after announcing better-than-expected quarterly results and sales.
Conversely, the healthcare group Johnson & Johnson gave up 2.8% in the wake of a 2025 outlook deemed a little tight.
On the fixed-income market, yields on US Treasury bonds are recovering slightly following their recent downturn, with the 10-year bond back towards 4.60%.
A victim of profit-taking after peaking above $80 last week, a barrel of Texas light crude (WTI) continues to consolidate, shedding 0.2% around $75.6.
The dollar's recent weakness and the uncertainty surrounding the implementation of new US tariffs are supporting gold, which has reached its highest level since last October.
US gold futures are currently up 0.4% at $2,770.4 an ounce.
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