Meanwhile, Nasdaq 100 futures ( NQ=F) fell 0.5% as tech stocks struggled to regain the momentum that propelled the previous day's gains. Nvidia ( NVDA) shares tipped lower in pre-market, as fellow megacap techs Apple ( AAPL) and Google parent Alphabet ( GOOG, GOOGL) also lost ground.

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.

The S&P 500 climbed to 6,100 for the first time during Wednesday's session. Traders cheered strong earnings and an AI initiative Trump announced on Tuesday.

President Donald Trump's boost to AI demand hopes is outweighing fresh tariff threats on China and the EU, as earnings season rolls on.

Looking ahead, some analysts think the stock market will keep soaring as Trump pushes for deregulation and tax cuts during his second term. For instance, while on the campaign trail, he proposed lowering the corporate tax rate to 15% for domestic manufacturers. That could boost net profit margins and send the stock market higher.

The S&P 500 has given up almost all of its post-election gains, with renewed inflation fears crimping Wall Street optimism about President-elect Donald Trump's proposed tax cuts and deregulation. Strong economic data have dashed hopes for a slew of interest-rate cuts by the Federal Reserve,

Trump’s executive orders included overhauls to U.S. trade policy and declaring a national emergency at the southern border.

The postelection rally in stocks was officially wiped out on Monday. At intraday lows, the S&P 500 was about 0.2% below its Election Day close. Investors are growing skittish about spiking bond yields and the prospect of higher inflation.

Benzinga readers predict how high the S&P 500 will go under the next four years of Donald Trump in the White House. A look at the returns by year for both Trump and President Joe Biden.

How will Trump’s 2025 policy shifts affect US stock indices? Explore the impact of tariffs, tax cuts, and deregulation on the S&P 500, Nasdaq 100, and Dow Jones.

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