| A megacap tech rally powered Wall Street’s gains on Thursday, with all three major indexes extending their win streaks to three days. The Dow and Nasdaq each added more than 450 points, brushing off remarks from China noting that no trade talks were happening with the U.S. The S&P 500 also rallied, after comments from Amazon.com(AMZN) and Nvidia (NVDA) indicated artificial intelligence (AI) data center demand remains strong.
Meanwhile, Treasury Secretary Scott Bessent said a trade agreement with South Korea could come “as soon as next week.” Traders also unpacked dismal existing home sales data for March and a slew of earnings reports before tomorrow’s jobs data. Missing out on today’s rally, the Cboe Volatility Index (VIX) marked a third-straight loss and slipped back below 30.
Continue reading for more on today’s market, including:
- This oil stock looks primed for a rebound.
- 2 chip stocks staging post-earnings rallies.
- Plus, blue chips brush off quarterly wins; airline sector check-in; and Comcast’s declining subscribers.
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