Sunday, September 7, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Leadership

US: S&P 500 at fresh record on Micron results, China stimulus

by Yurie Miyazawa
in Leadership
US: S&P 500 at fresh record on Micron results, China stimulus
Share on FacebookShare on Twitter


WALL Street stocks powered higher on Thursday, with the S&P 500 finishing at a fresh record, following strong Micron earnings and statements from Beijing signaling likely additional stimulus.

Analysts described Micron’s earnings as a boon not only because they showed strong profitability, but because the company cited “robust” artificial intelligence demand, lifting other tech shares.

Micron itself jumped nearly 15 per cent.

The broad-based S&P 500 finished up 0.4 per cent at 5,745.37, up about 13 points from Tuesday’s record close.

The Dow Jones Industrial Average gained 0.6 per cent to 42,175.11, narrowly missing a record of its own, while the tech-rich Nasdaq Composite Index climbed 0.6 per cent to 18,190.29.

Market watchers also pointed to statements from Chinese President Xi Jinping signaling Beijing’s intent to take further steps to boost its economy, following a raft of measures announced earlier this week.

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Kim Forrest of Bokeh Capital Partners characterised China’s pivot on stimulus as “remarkable.”

Briefing.com analyst Patrick O’Hare also cited benign US jobless claims data, which adds to confidence the US economy can avoid a recession.

But O’Hare said investors are voicing more worry over excessive valuations, adding, “additional upside from here will feel harder to achieve.”

Among individual companies, Southwest Airlines shares gained 5.4 per cent after announcing a US$2.5 billion share repurchase programme while raising its third-quarter revenue forecast. AFP

Tags: ChinaFreshMicronRecordResultsstimulus
Yurie Miyazawa

Yurie Miyazawa

Next Post
Europe: Stoxx 600 clocks all-time closing high on China stimulus boost

Europe: Stoxx 600 clocks all-time closing high on China stimulus boost

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In