US stocks stepped higher on Thursday, eyeing the tech sector as TSMC results lifted AI hopes and investors braced for Netflix to kick earnings season into high gear. The S&P 500 gained 0.2% while the Dow Jones Industrial Average rose about 0.3% after closing with their latest declines. The Nasdaq Composite also added roughly 0.1% after tech stocks ended over 1% lower in the prior session.
The earnings spotlight now shifts to Netflix, as the focus shifts to tech stocks, including the "Magnificent" group of companies. The streaming leader's financial update later Thursday is seen by some as the first real test for stocks this earnings season, given megacap techs are still playing a big part in pushing markets higher.
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