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U.S. Stock Market Close | Extension of Ceasefire and Strong Earnings Push S&P 500, Nasdaq to New Highs; Semiconductor Index Sets Record for Longest Winning Streak, AMD Surges Over 6%; Crude Oil Rises for Third Straight Day, Bitcoin Briefly Tops $79,000
The Nasdaq Composite Index closed up more than 1.6%, reaching a new all-time high along with the S&P 500. The semiconductor sector extended its longest streak of consecutive gains on record, with the Philadelphia Semiconductor Index preliminarily closing up approximately 2.7%, marking its sixteenth consecutive day of gains, the longest such streak since data recording began in 1994. After the market close, Tesla surged 4% and Texas Instruments soared 10% following their earnings reports. The US Dollar Index rebounded for the second consecutive trading day, while Bitcoin rose 4.2%, briefly breaking above $79,000 during the session.
Apple reassures the market as Cook affirms his good health and states he will serve as executive chairman for the long term.
The next CEO, Tenus, stated that AI will create nearly unlimited potential, bringing entirely new opportunities for our products and services, and Apple will once again change the world.
3 Tests Apple's New CEO Must Pass to Prove He Can Grow the Company in Ways Tim Cook Never Did
The promotion of 'hardware veterans' and 'chip czars' reveals Apple's AI competition strategy: SoC
Apple's promotion of chip chief Johnny Srouji signals an acceleration in the company's efforts to develop in-house chips for all its devices.
John Ternus Has Big Shoes to Fill at Apple. Luckily, Tim Cook Has a Playbook for That. -- Update
Top 20 in trading volume | Storage concept surges again, with Micron and Sandisk rising over 8% to hit new highs; Q1 orders surge 71% year-over-year, boosting GEV's performance by 13% post-earnings; Cryptocurrency concept strengthens, with Strategy rising
Micron Technology, the top stock by trading volume on Wednesday, closed 8.48% higher, hitting a record high share price, with a turnover of $21.767 billion. According to research from Goldman Sachs, Micron Technology alone accounted for approximately 51% of the upward revision in earnings forecasts for the S&P 500, becoming the core driver of this round of forecast upgrades. Prior to Micron's earnings release, Goldman Sachs had already listed the company as a key recommendation, with its EPS forecast for 2026 being about 19% higher than the market consensus.