The S&P 500 and Nasdaq reached record highs, driven by AI-related stocks like Intel and strong quarterly earnings. A U.S.-Iran ceasefire held, easing geopolitical concerns. Investors focused on robust corporate profits, with S&P 500 companies on track for significant year-over-year earnings growth, bolstering market optimism.
US stocks: US market ends higher as Amazon soothes AI jitters
Wall Street closed higher on Friday, driven by Amazon’s strong quarterly report. The tech giant’s results eased concerns about AI infrastructure spending. Apple’s stock dropped