S&P 500 Closes Within Striking Distance of Record: Markets Wrap
- Tech leads gains as Oracle soars on AI pact unveiled by Trump
- Netflix, Travelers and Procter & Gamble climb on solid results
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A rally in big tech fueled by optimism over artificial intelligence and a batch of earnings from corporate heavyweights sent stocks to the brink of their all-time highs.
Equities extended this year’s advance, with the S&P 500 briefly topping 6,100. Netflix Inc. surged almost 10% amid its biggest-ever subscriber gain. Nvidia Corp. led gains in megacaps while Oracle Corp. soared over 6.5% on a $100 billion joint venture with SoftBank Group Corp. and OpenAI, an effort unveiled with President Donald Trump that further boosts prospects for the AI mania that has powered the bull market.