From Nasdaq:

On Wednesday, Wall Street saw a rally as the Dow Jones Industrial Average climbed by 0.4% and the S&P 500 reached a new record high, positioning itself close to hitting the 5,000 level for the first time.

Fed officials reiterated a cautious approach to potential interest rate cuts, signaling that the central bank would require additional evidence of inflation cooling before taking any action.

About two-thirds of S&P 500 firms have released their earnings results this season and have surpassed Wall Street’s expectations, with the “Magnificent Seven” stocks leading the charge and contributing to the positive sentiment in the market.

The ongoing boom in artificial intelligence has seen varied performances from companies, with Nvidia and Meta leading the way, and Disney announcing a significant increase in their cash dividend by 50% and Meta declaring its first-ever dividend this reporting season.

Amidst the upbeat backdrop and potential market breadth of Wall Street, investors can track S&P 500 ETFs like Vanguard S&P 500 ETF VOO, SPDR S&P 500 ETF Trust SPY, and SPDR Portfolio S&P 500 Value ETF SPYV, among others, to play the growth and value parts of the index.



Read more: S&P 500 About to Hit 5,000: More Reasons for Further ETF Rally