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HomeMarket NewsUS Stock Market LIVE Updates: Record rally in stocks powers higher with earnings in focus
US Stock Market LIVE Updates: Wall Street is hanging near its records on Thursday (July 24), though the calm surface of the US stock market is hiding some roiling moves underneath. Alphabet is rising, and Tesla is tumbling following a jumble of profit reports from big US companies. The S&P 500 was 0.3% higher in midday trading, coming off its all-time high set the day before. The Dow Jones Industrial Average was down 159 points, or 0.4%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 0.3% higher.
US Stock Market LIVE Updates: Wall Street is hanging near its records on Thursday (July 24), though the calm surface of the US stock market is hiding some roiling moves underneath. Alphabet is rising, and Tesla is tumbling following a jumble of profit reports from big US companies. The S&P 500 was 0.3% higher in midday trading, coming off its all-time high set the day before. The Dow Jones Industrial Average was down 159 points, or 0.4%, as of 11:30 a.m. Eastern time, and the Nasdaq composite was 0.3% higher. Alphabet climbed 2.1% after the company behind Google and YouTube delivered a fatter profit for the latest quarter than analysts expected. It’s leaning more into artificial-intelligence technology and said it’s increasing its budget to spend on AI chips and other investments this year by $10 billion to $85 billion. That helped push up other stocks in the AI industry, including a 1.1% rise for Nvidia. The chip company was one of the strongest forces lifting the S&P 500 because it’s the largest on Wall Street in terms of value.
Watch this space for all the Live updates.
