Nasdaq 100 climbs at the opening bell as Netflix’s stellar earnings and AI investments fuel tech stock momentum. Will the rally sustain?

Stocks are approaching records in the first couple of days of Trump's presidency, with more pronounced moves in specific corners of the market this week.

A rally in big tech fueled by optimism over artificial intelligence and a batch of earnings from corporate heavyweights sent stocks to the brink of their all-time highs.Most Read from BloombergTexas H

The Big Tech long trade got more vindication Wednesday as Netflix Inc. surged as much as 15% in the premarket on fourth-quarter results that beat estimates. If premarket gains carry through the day, Netflix will hit an all-time high and be set for its biggest rise since October 2023.

Wednesday closed up +0.61%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.30%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.33%. March E-mini S&P futures (ESH25) are up +0.55%, and March E-mini Nasdaq futures (NQH25) are up +1.

A rally in big tech and a batch of earnings from corporate heavyweights drove stocks to the brink of all-time highs in a continuation of the advance fueled by the strength of Corporate America.

Seagate Technology Holdings Plc ( STX) is up more than +8% after reporting Q2 adjusted EPS of $2.03, better than the consensus of $1.87. Travelers Cos ( TRV) is up more than +4% to lead gainers in the Dow Jones Industrials after reporting Q4 core EPS of $9.15, well above the consensus of $6.59.

Stocks climbed alongside the dollar and bonds, with traders focusing on prospects President Donald Trump’s policies will boost the outlook for the world’s largest economy.

Europe’s stock benchmark edged closer to a record high and US equity futures gained as optimism over more artificial intelligence spending under Donald Trump offset uncertainties over looming tariffs.

A closely watched exchange-traded fund tracking companies with AI exposure hit a three-year high. Small caps climbed on bets they will benefit from a protectionist stance. Trump’s flurry of executive orders helped boost space shares, while weighing on electric-vehicle makers.

Stocks climbed as President Donald Trump struck a better-than-feared tone on trade and speculation grew that his policies will further boost Corporate America. Bonds continued to unwind the recent surge in yields.

Large institutional investors in Amazon include The Vanguard Group, BlackRock Fund Advisors and S SgA Funds ... factor in the stock's outperformance during a week when the Nasdaq 100 fell almost 4%, according to Vanda Research. Amazon shares were up ...