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Sina U. S. stocks on the evening of the 27th Beijing time, U. S. stocks opened high on Thursday, the three major stock indexes have reached an all-time high. Enthusiasm for technology stocks continued to boost U. S. stocks after Facebook Inc released upbeat results on Wednesday.
The Dow was up 54.16 points, or 0.25%, at 21765.17; the S & P was up 6.21, or 0.25%, at 2484.04; and the Nasdaq was up 10.57, or 0.16%, at 6422.75.
But Twitter shares fell sharply after the company reported poor user growth on its Weibo Corp platform on Wednesday night.
All three major indexes of US stocks hit record closing highs on Wednesday, driven by strong earnings results. The Dow closed up 0.5% at 21711.01. The s & p 500 rose 0.7 points to 2477.83, while the Nasdaq rose 0.2% to 6422.75.
Craig Erlam, a senior market analyst at Oanda, said the strong performance of Facebook Inc (FB) may be behind the rise in technology stocks on Thursday.
"given the huge gains that technology stocks have made this year, technology stocks have to meet very high market expectations," he said. "
Erlam believes investors are looking for something to bridge the gap left by President Trump's failure to deliver on tax cuts and spending plans.
"judging from the current situation, the corporate earnings season is not disappointing," he said. That's why we don't see a correction in the stock market. "
Sean Darby, chief global equity strategist at Jefferies, said they had raised their target for the S & P to 2500 from 2325, provided that investors should hold US stocks as long as nominal GDP "is higher than Treasury yields." "
Twitter (TWTR) fell about 10%, and the company said user growth was flat.
Many companies have announced their results. Among these companies, Comcast Corp. CMCSA reported revenue that exceeded analysts' expectations.
Verizon Communications Inc Communications (VZ) rose 1.6 per cent.
Procter & Gamble Co (PG), UPS (UPS) and MasterCard (MA) also announced their results today.
After trading on Thursday, Amazon.Com Inc (AMZN) will report quarterly results.
Shares in FB climbed as the company announced a better-than-expected quarterly profit and a market capitalization of nearly $500 billion.
PayPal Holdings Inc Holdings (PYPL) announced that earnings exceeded expectations and raised performance guidance.
Shares of AstraZeneca PLC (AZN) tumbled after the company announced negative results in a phase III clinical trial of its experimental lung cancer drug Mystic.
Shares of brewing giant Anheuser-Busch (BUD) climbed after the company announced a surge in quarterly profit.
Diageo (DEO), the world's largest spirits maker, surged after the company raised its profit forecast.
On the economic data side, the number of first-time claims for unemployment benefits in the United States rose by 10, 000 last week to 244000.
The housing vacancy rate report for the second quarter will also be released today.
In other markets, Asian markets generally closed higher.
European stock markets have been mixed.
Gold futures prices are higher. The dollar index continued to slide.