S&P 500 rises above 5,000, gains for a fifth week on encouraging inflation news: Live updates
Publishing timestamp: 2024-02-09 12:31:38
Summary
3) The S&P 500 rose above the historic 5000 level as strong earnings and economic news continued. The market reacted positively to solid earnings, easing inflation data, and a resilient economy. Megacap technology stocks, such as Nvidia and Alphabet, contributed to the S&P's rise. Cloudflare's strong earnings boosted the broader cloud sector. However, there were some negative developments, such as disappointing results and forecasts for companies like PepsiCo, Take-Two Interactive, and Pinterest. Overall, the article discusses the positive momentum in the market but also highlights potential risks and concerns.
Sentiment: MIXED
Tickers: NET, OKTA, .IXIC, SNOW, NYCB, MARA, ASAN, BTC.CM=, PINS, 9984.T-JP, PEP, TTWO, AI, @DJ.1, @SP.1, DDOG, .SPX, @ND.1, 388-HK, .DJI, MDB, MSTR, RIOT, COIN, WCLD, PATH,
Keywords: nasdaq 100 fut (mar'23), breaking news: markets, united states, pepsico inc., pinterest inc, s&p 500 index, business news, stock markets, dow jones industrial average, breaking news: major, nasdaq composite, s&p 500 fut (mar'23), take-two interactive software inc, markets, dow jones fut (mar'23), cloudflare inc, economic events,
Source: https://www.cnbc.com/2024/02/08/stock-market-today-live-updates.html