Netflix, Oracle, and Nvidia lead gains as S&P 500 reaches an all-time high. Explore the drivers behind this rally and what it means for US stock markets today.

Netflix, Oracle and other technology stocks are lifting U.S. indexes as their profits pile higher and excitement builds around the moneymaking prospects of artificial intelligence. The S&P 500 rose 0.

Netflix stock soars after strong subscriber gains, Oracle teams with OpenAI and SoftBank in a $500 billion AI infrastructure partnership, and Johnson & Johnson posts better-than-expected adjusted fourth-quarter earnings.

Wall Street closed higher, with the S&P 500 index scoring an all-time high. Blowout Netflix results and plans for $500b AI investment fuel gains.

U.S. equities gained at midday Wednesday on an artificial intelligence initiative announced by the White House and strong earnings reports.

Asian stock markets are trading mostly higher on Thursday, supported by positive cues from Wall Street overnight. Gains are led by China, where multiple government departments unveiled medium- and long-term investment plans to boost capital market confidence.

Japan’s Nikkei share average rose on Thursday as SoftBank Group and other technology stocks tracked their U.S. peers higher for a second straight session, while investors awaited the Bank of Japan’s monetary policy decision due on Friday.

Asian shares were mixed on Thursday after China rolled out more moves to try to boost its lagging stock markets by raising confidence that prices will rise. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

Netflix's record-breaking Q4 performance, driven by live sports, original content like Squid Game 2, and a 14% price hike with minimal attrition, resulted in 18.9 million new subscribers and exceeded revenue expectations.

All told, the S&P 500 rose 37.13 points, the Dow Jones Industrial Average gained 130.92 and the Nasdaq composite jumped 252.56.