The S&P 500 Index ($SPX) (SPY) today is up +0.69%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.48%. March E-mini S&P futures (ESH25) are up +0.67%, and March E-mini Nasdaq futures (NQH25) are up +1.44%.
Stocks today extended Tuesday's gains, with the S&P 500 climbing to a 6-week high and the Dow Jones Industrials and the Nasdaq 100 posting 5-week highs. Strength in technology stocks is leading the overall market higher today, with Netflix up more than +11% after reporting better-than-expected Q4 earnings results. Also, Oracle is up more than +6%, adding to Tuesday's +6% jump, after the company teamed up with Softbank Group and Open AI to form a $100 billion joint venture to fund artificial intelligence infrastructure. The proposed increase in AI spending also boosted AI infrastructure stocks today, with ARM Holdings Plc up +16%, Nvidia up more than +4%, and Microsoft up more than +3%.
