Netflix stock soars after strong subscriber gains, Oracle teams with OpenAI and SoftBank in a $500 billion AI infrastructure partnership, and Johnson & Johnson falls after mixed guidance.

Wall Street's indexes rose on Wednesday, with the benchmark S&P 500 hitting an intraday record high as investors cheered streaming video provider Netflix's quarterly report and President Donald Trump's private-sector artificial intelligence infrastructure investment plan.

Elon Musk is clashing with OpenAI CEO Sam Altman over the Stargate artificial intelligence infrastructure project touted by President Donald Trump, the latest in a feud between the two billionaires that started on OpenAI’s board and is now testing Musk’s influence with the new president.

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.

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A rally in big tech and a batch of earnings from corporate heavyweights drove stocks to the brink of all-time highs in a continuation of the advance fueled by the strength of Corporate America.

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Stocks have largely shrugged off Trump’s potential flood of tariffs, viewing the threats as a negotiating tactic. About 15 minutes into trading, the Dow Jones Industrial Average was up 0.1 percent at 44,086.30. The broad-based S&P 500 climbed 0.5 percent to 6,079.22, while the tech-rich Nasdaq Composite Index gained 1.0 percent to 19,957.86.

Wall Street indexes hit new highs, driven by optimism in tech stocks, following President Trump's announcement of a $500 billion AI infrastructure plan. Netflix soared on strong subscriber numbers, while semiconductor shares surged on AI excitement.

Wall Street opens higher, with the S&P 500 index near its all-time high. Blowout Netflix results and anouncement of a $500b AI investment fuel gains.

Wall Street’s indexes rose today, with the benchmark S&P 500 hitting an intraday record high as investors cheered streaming video provider Netflix’s quarterly report and President Donald Trump’s private-sector artificial intelligence infrastructure investment plan.

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.