"S&P 500 Reaches Historic 5000 Milestone Amid Disney Surge and Small Caps Rally"
TL;DR
The S&P 500 and Dow Jones Industrial Average reached record highs as Disney's upbeat earnings and strong sales outlook from Arm Holdings boosted investor sentiment. Softening mortgage rates are expected to drive housing stocks higher. Tesla is set to restart production at Giga Berlin, while New York Community Bank's stock wavers amid efforts to shore up confidence. Oil prices rose on Middle East tensions and lower US production forecast. PayPal stock dropped after its full-year outlook fell short of expectations.
- Stock market today: S&P 500 goes nowhere as Disney soars, small caps rally Yahoo Finance
- S&P 500 Hits Intraday Record of 5000 - WSJ The Wall Street Journal
- Stock Market Today: Dow, S&P Live Updates for February 8 Bloomberg
- Wharton's Jeremy Siegel says the S&P 500 isn't overvalued, even as it crosses 5000 for the first time CNBC
- S&P 500 touches 5,000 for first time. Here’s what it means for the market. MarketWatch
Want the full story? Read the original reporting
Read on Yahoo Finance