S&P 500 Eyes Sixth Straight Monthly Gain As Strong Earnings Fuel Global Rally And Tech Megacaps Drive Market Momentum

Benzinga

The S&P 500 is poised for a sixth straight monthly gain as strong corporate earnings drive global equities higher. Amazon soared 13% on its fastest cloud growth in three years, Apple rose on a strong forecast, and Nvidia advanced with new AI partnerships in South Korea.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02The SP500 is on track to extend its winning streak to a sixth month after strong corporate

00:08earnings lifted global equities, according to Bloomberg. Amazon shares surged 13% in

00:14pre-market trading after reporting the fastest cloud unit growth in nearly three years,

00:19adding about $300 billion to its market value. Apple also gained following a revenue beat and

00:25upbeat holiday forecast, while NVIDIA announced new partnerships in South Korea to expand AI

00:31infrastructure. Analysts said volatility has become a defining market feature as tech mega caps

00:37continue to drive U.S. stock gains. Roughly 80% of SP500 companies reporting this quarter

00:44have topped forecasts, helping global equities attract $17.2 billion in weekly inflows.

00:51For all things money, visit Benzinga.com.

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