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The S&P 500 reached an intraday record high, driven by strong earnings from Netflix and a proposed $500 billion investment in artificial intelligence by the government. The surge in the stock market was noted on January 22 and continued into January 23, as investors reacted positively to Netflix's quarterly results and evaluated the implications of President Donald Trump's policies. Major technology stocks, including Netflix and Oracle, contributed to the upward momentum on Wall Street, reflecting growing excitement around the profitability of AI ventures.
WATCH: Wall Street's indexes rose, with the S&P 500 hitting an intraday record high as investors cheered Netflix's quarterly report and President Donald Trump's private-sector AI infrastructure investment plan https://t.co/HvB0JMBeXv https://t.co/PMOZDPh2d3
Stock market today: @Netflix, AI excitement send Wall Street to the brink of an all-time high Reporting by @AP https://t.co/KnK25NgoOp #FlaPol https://t.co/or2MNB3wTD
Netflix, Oracle and other big technology stocks are lifting Wall Street toward a record on Wednesday as their profits pile higher and excitement builds around the moneymaking prospects of artificial intelligence https://t.co/tViE9HJuCk #APBusiness
