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S&P 500 Gains and Losses Today: Index Hits Record High as Tech Stocks Rally

The S&P 500 jumped 1.2% on Friday, Jan. 19, 2024, with a rally in the tech sector helping the benchmark index close at its record high.
Semiconductor stocks added to recent gains amid a bullish outlook on opportunities in the AI space.
Shares of health insurers extended losses posted in the previous session when Humana reduced its profit forecast, citing higher medical costs.

Read more about what moved the markets today

Verizon Set to Report Declining Profits Despite Progress in Adding Subscribers

Verizon likely added its most subscribers in two years in the fourth quarter, but the costly efforts may not have reaped substantial profit benefits yet.

Apple Could Give Rivals Access To Its Apple Pay Tech To Address EU Competition Concerns

Apple proposed allowing third parties access to the technology behind its Apple Pay systems in the European Union to address regulator concerns that the system could stifle competition.

Consumer Sentiment Surges Higher Again as Inflation Fears Fade

The Michigan Consumer Sentiment Index jumped to 78.8 in January, surging 13% from the previous month as consumer inflation expectations fell to their lowest levels since 2020.

Housing Market Froze Deeper In December

If you heard an unexplained dull thud this December, it might have been the housing market hitting rock bottom.

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