Wall Street showed a rising trend on Thursday that was still driven by positive factors yesterday with the most prominent S&P 500 index making a new “All Time High” again.
United States (US) stocks yesterday were all seen to have successfully ended positively with the most prominent Nasdaq Composite recording a rise of 1.28% while the Dow Jones and S&P500 were only 0.3% and 0.6%.
This positive performance was mostly influenced by strong earnings reports from large companies and Trump’s policies that are expected to benefit businesses.
Shares of large companies such as Netflix, Procter & Gamble and Oracle were each seen to rise.
The increase in Procter & Gamble shares by 1.9% was supported by a strong earnings report while Netflix’s increase (9.7%) was influenced by an increase in users who have subscribed to their services.
The 6.8% increase in Oracle shares was due to their announcement of a collaboration with SoftBank and OpenAI involving an estimated $500 billion investment in artificial intelligence (AI).
