Stock Market Today: S&P 500 closes at record as unprecedented 5,000 level in focus

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Stock Market Today: S&P 500 closes at record as unprecedented 5,000 level in focus

Investing.com -- The S&P 500 rallied Wednesday closing at a record high and just shy of 5,000 level as bullish bets on stocks continued, with consumer stocks leading the charge following an earnings-led rally in Chipotle and Ford.) climbed 6% boosting consumer stocks after the automaker delivered annual guidance and fourth-quarter that topped analyst estimates. Ford guided $10-12B in 2024 earnings before interest and taxes, or EBIT, topping analyst estimates of $9.

Ford's guidance assumes a reversal of losses at Model E to $5 to 5.5B for 2024, RBC said in a Wednesday note, from $6.3B annualized in 2023, despite "2023 only experiencing worsening EV losses each quarter.") posted its first-ever annual operating profit on a net basis thanks in part to solid holiday demand for its ride-sharing and food delivery services. Shares closed marginally higher on the day.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Market Evolution and Growth in 2023The year 2023 witnessed substantial evolution and growth in the blockchain industry and cryptocurrency asset class. This report analyzes key developments in the market, infrastructure, platforms, and applications that drove adoption. It also highlights the notable recovery in cryptocurrency prices and the factors influencing it.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Altcoins Surge in Crypto Market as Chiliz Hits Highest Value Since 2023Several altcoins, including Chiliz (CHZ), Sei (SEI), and Meme Kombat (MK), have experienced significant gains in the past 24 hours. Chiliz has reached its highest value since May 2023, driven by its unique use case in the sports industry. The token powers the Socios.com fan engagement platform, offering various benefits to users.
Source: Crypto_Potato - 🏆 568. / 51 Read more »