S&P and Nasdaq Extend Gains
2026-04-15 13:44
By
Joana Taborda
1 min. read
The S&P 500 rose 0.4% and was on track to close at a fresh record level on Wednesday while the Nasdaq gained 0.9% to trade at January-highs, led by gains in the tech sector.
Broadcom jumped about 2.5% and Meta added 0.8% after the latter said it agreed to deploy 1 gigawatt of custom AI chips using Broadcom technology.
Other megacaps were mostly higher, including Nvidia (0.6%), Apple (0.4%), Microsoft (2.1%), Tesla (0.8%).
In contrast, the Dow Jones pared early gains to fall about 100 points.
Investors continue to monitor developments in the Middle East, alongside expectations that a second round of talks between the US and Iran could take place soon, while traffic through the Strait of Hormuz remains limited.
At the same time, attention is turning to corporate earnings.
Bank of America rose 2.5% after posting higher Q1 profits and Morgan Stanley soared more than 5% after posting record revenue.
Shares of PNC were up 1% although its revenue disappointed.