Dow Rallies, S&P Hits Another Record High | Closing Bell

Market Performance & Trends - Broad-based rally led to record highs for major stock indices, with approximately 85% of S&P 500 stocks in the green [2][5][6] - Market anticipates a full percentage point rate cut by September, though caution is advised due to upcoming data and Fed meetings [3] - President's influence on lowering rate expectations is viewed favorably by 59% of respondents in an MLive Pulse survey, anticipating stock market benefits [4] - Bitcoin reached an all-time high of $22,840 [8] Individual Stock Movements - Paramount Skydance experienced significant gains, closing nearly 37% higher, driven by merger completion and a media rights agreement with Tyco for UFC events [10][11] - Webtoon saw an 81% increase, marking its largest jump since its IPO, fueled by a Disney partnership and earnings report, reaching a market cap of roughly $21 billion [12][13] - U S Antimony's stock rose about 5% following a Bloomberg interview with its CEO [16] Sector Performance - Tech sector was down, with Nvidia closing lower, while Apple and Amazon contributed the most points to the S&P 500 [9] - Financials, industrials, and healthcare sectors performed well, contributing to the Dow Jones' outperformance [9] - Semis and power generation stocks linked to the boom experienced a sell-off [17] Company Earnings & Outlook - Cisco's fiscal fourth-quarter revenue aligned with estimates at $467 billion, with EPS at $099 versus $098 [19] - Cisco's full fiscal year adjusted EPS is projected between $4 and $406, and revenue between $59 and $60 billion [20][21] - Coherent's shares declined 14% due to disappointing guidance [27] - CoreWeave gave a disappointing earnings outlook, reflecting costs of rapid data center expansion [17]