Wall Street hits fresh record highs on Alphabet earnings, trade optimism
U.S. equities closed mixed, with the S&P 500 setting a new record at 6,363 points, supported by stronger-than-expected results from Alphabet and optimism over new U.S. trade deals. The Nasdaq 100 rose 0.25%, while the S&P 100 gained 0.15%. The Dow Jones lagged, sliding 0.70%.
Sector performance: Energy (+0.71%), technology (+0.67%) and telecoms (+0.51%) led gains on the S&P 500, while consumer discretionary (-1.23%), materials (-0.75%) and healthcare (-0.42%) were under pressure.
Dow movers: Chevron (+1.77%), Amazon (+1.74%), Microsoft (+0.98%) and Walmart (+0.96%) topped the leaderboard, while Dow Inc. plunged 17.45%. IBM (-7.62%), Honeywell (-6.18%) and UnitedHealth (-4.76%) also weighed on the index.
Tech and growth names: T-Mobile US (+5.80%), MongoDB (+3.05%), Illumina (+2.92%) and O’Reilly Automotive (+2.87%) posted strong gains. Tesla (-8.27%), ON Semiconductor (-7.01%), Honeywell (-6.18%) and Charter Communications (-4.55%) suffered steep losses.
UCapital Asset Management LLP or group companies may have commercial relationships with the companies mentioned. This content is not financial advice.
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