Netflix stock soars after strong subscriber gains, Oracle teams with OpenAI and SoftBank in a $500 billion AI infrastructure partnership, and Johnson & Johnson falls after mixed guidance.

Wall Street closed higher, with the S&P 500 index scoring an all-time high. Blowout Netflix results and plans for $500b AI investment fuel gains.

Wall Street's indexes rose on Wednesday, with the benchmark S&P 500 hitting an intraday record high as investors cheered streaming video provider Netflix's quarterly report and President Donald Trump's private-sector artificial intelligence infrastructure investment plan.

US and European stock markets mostly pushed higher Wednesday as investors tracked earnings and President Donald Trump's policy plans as artificial intelligence shares rallied.

Netflix stock soars after strong subscriber gains, Oracle teams with OpenAI and SoftBank in a $500 billion AI infrastructure partnership, and Johnson & Johnson falls after mixed guidance.

A rally in big tech fueled by optimism over artificial intelligence and a batch of earnings from corporate heavyweights sent stocks to the brink of their all-time highs.Most Read from BloombergTexas H

Netflix helped lead the way after it said live events like football games and a Mike Tyson-Jake Paul fight helped it add nearly 19 million subscribers during the latest quarter. It also reported stronger profit than analysts expected and said it’s raising subscription prices in the United States and other countries. Netflix jumped 11.1%.

Netflix shares surged after the company reported a record increase in holiday-quarter subscribers, allowing it to implement price hikes across most service tiers. Oracle also rallied, alongside server maker Dell and U.S.-traded shares of ARM Holdings, the chip technology supplier predominantly owned by SoftBank.

The TSX gained 51.95 points to begin Wednesday at 25,333.58. The Canadian dollar descended 0.18 cents at 69.55 cents U.S. U.S. President Donald trump has vowed to impose tariffs on imports from China,

Netflix, Oracle and other technology stocks are lifting U.S. indexes Wednesday as their profits pile higher and excitement builds around the moneymaking prospects of artificial intelligence.

Wall Street's indices rose on Wednesday, with the benchmark S&P 500 hitting an intraday record high as investors cheered streaming video provider Netflix's quarterly report and President Donald Trump's private-sector artificial intelligence infrastructure investment plan.

NEW YORK: Wall Street’s main indexes rose on Wednesday, with the benchmark S&P 500 hitting an all-time high, as investors cheered streaming giant Netflix’s strong quarterly performance and President Donald Trump’s multi-billion dollar support to bolster AI infrastructure.