Across U.S. equity markets, gains were broad-based but concentrated in large-cap growth. The S&P 500 rose 0.85% to 7,123, now 25 points shy of its all-time intraday high at 7,148 set last Friday.
At last check, the Dow Jones Industrial Average added over 272 points, or 0.55%, to 49,422. The Nasdaq 100 outperformed with a 1.5% advance to new records at 26,884, on pace for its best session of the week.
Within Magnificent Seven stocks:
Apple Inc. (NASDAQ:AAPL) rose 2.8% as investors continued to digest John Ternus stepping in as incoming CEO
Microsoft Corporation (NASDAQ:MSFT) and Amazon.com Inc. (NASDAQ:AMZN) each added more than 1%
Alphabet Inc. (NASDAQ:GOOGL) climbed 1.46%
Tesla Inc. (NASDAQ:TSLA) inched 0.8% higher ahead of its after-the-bell earnings report.
The small-cap Russell 2000 lagged with a more modest 0.5% gain.
WTI crude surged 3.8% to $93.06 a barrel in a counterintuitive move, as the Strait of Hormuz remained blockaded despite the diplomatic thaw and President Trump’s ceasefire extension.
Wednesday’s Performance In Major US Indices
Index
Last
% Change
S&P 500
7,121.06
+0.8%
Dow Jones
49,493.62
+0.7%
Nasdaq 100
26,821.13
+1.3%
Russell 2000
2,777.82
+0.5%
Updated by 12:15 PM ET
According to the Benzinga Pro platform:
The Vanguard S&P 500 ETF (NYSE:VOO) rose 0.8%.
The SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) gained 0.7%.
The Invesco QQQ Trust
