Wednesday’s big stock stories: What’s likely to move the market in the next trading session Major U.S. stock indexes, including the S&P 500, Nasdaq Composite, and Dow Industrials, reached record highs, extending recent winning streaks. Investors are now focused on upcoming economic indicators, such as the May jobs report, and corporate earnings from companies like Macy’s and Broadcom, which could impact Federal Reserve policy. Significant movements were observed in tech stocks, with HPE and Palo Alto Networks surging, Apple reaching a new record, and Microsoft experiencing a notable drop, while Netflix continued its decline.

• S&P 500, Nasdaq Composite, and Dow Industrials all closed at record highs on Tuesday.
• The S&P 500 posted its ninth consecutive day of gains, its longest streak since May.
• Key economic data, including ADP payroll numbers and earnings reports from Macy’s and Broadcom, are anticipated.
• HPE shares surged 19.5% on strong AI-related demand, reaching a record high.
• Palo Alto Networks shares jumped following a strong earnings report that beat top and bottom line estimates.
• Apple shares closed at a record, potentially marking an 11th consecutive up week.
• Microsoft experienced its biggest drop since February after unveiling its first AI coding model at its Build conference.
• Netflix shares fell for the seventh straight day, marking its longest losing streak since November 2022.
• U.S. regulators are speeding up the restart of the Three Mile Island nuclear power plant, boosting nuclear and uranium stocks.
• Bitcoin fell below $70,000, and Ethereum dropped below $2,000, impacting crypto-adjacent stocks like Robinhood and Coinbase.
• The NBA Finals begin with the Knicks and Spurs, and MSG Sports, the parent company of the Knicks, saw its stock close at a record.