S&P 500 Hits New All-Time High for Fourth Consecutive Day

In the US stock market, the S&P 500 closed at a new high for the fourth consecutive business day. Picture taken in New York in March 2020 (2024 Reuters/Bryan R Smith/File Photo)

[２４日 ロイター] – In the US stock market, the S & P 500 (.SPX), opens a new tab closed at a new high for the fourth business day in a row. Netflix stock rose sharply following its financial results announced the previous day. ASML Holding’s strong financial results also boosted semiconductor stocks. Microsoft (MSFT.O), opens a new tab, has reached an all-time high, with its market capitalization exceeding $ 3 trillion for the first time. See more Netflix (NFLX.O), opens a new tab rose 10.7%, hitting a two-year high. The S & P 500 Communications Services Index (.SPLRCL), opens a new tab, which includes the company, also rose 1.2%, hitting a two-year high. Alphabet (GOOGL.O), opens a new tab and Meta Platforms (META.O), opens a new tab, two of the so-called “Magnificent Seven” companies, rose more than 1%. Tesla (TSLA.O), opens a new tab down 0.6% ahead of its post-close earnings release, weighing on the S&P 500. Philadelphia Semiconductor (.SOX), opens a new tab up 1.54% to a new high. Expectations for a recovery in semiconductor demand rose after positive financial results from semiconductor manufacturing equipment maker ASML Holding ( ASML.AS ), opens a new tab. View more NVIDIA (NVDA.O), opens a new tab and Broadcom (AVGO.O), opens a new tab also rose more than 2% to new highs. According to LSEG data, Nvidia topped the list with more than $34 billion in trading volume.

Although the S&P 500 hit a new all-time high, declining issues outnumbered advancing issues by a 2.5-to-1 ratio.

Total trading volume on US exchanges was 11.6 billion shares. The average for the last 20 business days was 11.4 billion shares.

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