FX.co ★ S&P 500 Rises to Record High

In a predominantly lackluster trading session on Tuesday, leading technology stocks bolstered the US equity indices, buoyed by optimistic earnings expectations within the sector. The S&P 500 recorded a 0.5% increase, marking a new high, while the Nasdaq 100 surged by 1%. Anticipating their upcoming earnings announcements, Microsoft and Apple both saw gains exceeding 2%. Simultaneously, Micron and Broadcom advanced by approximately 6% and 4% respectively, further propelling the upbeat trend among semiconductor manufacturers. In addition, General Motors experienced a boost exceeding 5% following an upward revision of its 2026 financial outlook, whereas UPS rose by 2% after surpassing expectations in both earnings and revenue. Conversely, the Dow Jones Industrial Average declined by roughly 500 points, significantly impacted by a sharp 20% drop in UnitedHealth shares after the company forecasted its first annual revenue decrease in thirty years. The healthcare sector faced additional setbacks, with CVS Health tumbling 9.7% and Humana plummeting 18.8% subsequent to the US government's proposition to maintain private Medicare plan payments at the current level next year. Boeing also contributed to the index's downturn, with shares sliding by 1.2% following underwhelming quarterly results.