Stock Market Update

[BRIEFING.COM] Stocks are higher after another batch of earnings news that received positive responses from investors. 

Netflix (NFLX), United Airlines (UAL), and Dow component Travelers (TRV) are standouts in that respect.

The Dow Jones Industrial Average trades 0.3% higher, the S&P 500 is 0.6% higher, and the Nasdaq Composite trades 1.3% higher. 

Many S&P 500 sectors are lower despite the positive price action at the index level. The real estate (-1.1%), energy (-1.0%), utilities (-0.9%), and health care (-0.7%) sectors are the worst performers. 

Index gains are related to the outperformance of mega cap and AI-related names after President Trump at a press conference, alongside the CEOs of OpenAI, Softbank (SFTBY), and Oracle (ORCL), confirmed a partnership to invest up to $500 billion in infrastructure connected to artificial intelligence.