The S&P 500 rose, nearing its all-time high, as tech stocks rallied. Gilead Sciences led gains after beating sales and profit forecasts. The Trade Desk saw shares plunge due to ad spending cuts. Investors considered possible interest-rate cuts and President Trump’s Fed nomination of Stephen Miran.
Gilead Sciences soared 8.3% after strong quarterly revenue and earnings from HIV treatment. Gen Digital surpassed expectations with AI-driven security solutions. Monster Beverage exceeded forecasts with record revenue. Apple stock rose over 4% after announcing a $100 billion U.S. investment.
The Trade Desk plummeted 38.6% as large companies limited ad spending due to tariff pressures. GoDaddy topped sales and profit projections but will stop operating as a registry service provider for .CO domains. Warner Bros Discovery shares dropped 8% despite strong box-office sales.
Read more at Yahoo Finance: Apple Stock Extends Its Rise; The Trade Desk Craters After Earnings