US STOCKS-S&P 500 hits record high with Boost from Netflix and Chipmaker Stocks

The S&P 500 achieved a new record high on Wednesday, marking its fourth all-time peak. The index showed a growth of +0.37%, propelled by the increased performance of Netflix and major chip companies (since the beginning of the year, the index has already increased by 7.49%).

Following the release of Netflix’s quarterly report, the company’s shares surged by nearly 12% (+7.49% since the start of the year), attaining their highest level in the past two years. ASML Holdings, a leading chip manufacturer, also contributed to the market upswing in the sector with its positive report.

Microsoft experienced a 1.3% rise (+13.68% since the start of the year), propelling its market value beyond $3 trillion for the first time. Alphabet, Amazon.com, and Meta Platforms each saw an increase in value of more than 1% (respectively +8.56%, +2.51%, +13.29% since the start of the year).

Nvidia’s shares experienced a 1% increase (+26.16% since the start of the year), propelling the company’s market value to an all-time high of $1.52 trillion.

The Standard and Poor’s 500 ur S&P 500, is a stock market index comprising the 500 largest companies listed on US stock exchanges. Further in-depth information about S&P 500 can be found in the Apricot Academy section of the website.