The U.S. stock market’s Wednesday session is a historic one, as both the S&P 500 and the Nasdaq 100 indices closed at record high levels, driven by increased investor confidence in artificial intelligence-driven growth expanding from the tech sector to the broader market. The S&P 500 Index, as tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), closed the session 5,354 points, surpassing the latest all-time high close hit of 5,321 points hit on May 21. The tech-heavy Nasdaq 100 Index, as monitored
Chip stocks are breaking out on more AI news combined with hopes for an economic soft landing.
Broadcom Inc. (AVGO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.