From Quiver Quantitative:

The S&P 500 Index reached a new record, driven by Netflix’s strong earnings and ASML’s positive report. Netflix’s subscriber growth, successful content strategy, and crackdown on password sharing bolstered its stock. Technology giants like Microsoft surged, pushing its market cap above $3 trillion. The semiconductor sector rallied, led by ASML’s outlook. Upcoming Tesla and tech giant earnings reports are pivotal. The market dynamics and a mix of performances indicate a cautious market waiting for tech-related company results. AT&T missed profit forecasts, while the Semiconductor Index rose after ASML’s report.



Read more: S&P 500 Hits New Highs as Microsoft and Netflix Lead Tech Rally