nasdadHere are the latest developments in the US stock market as of today
The S&P 500 Index closed up 1.18% on Wednesday, while the Nasdaq 100 closed up 2.04%, and the Dow Jones Industrials closed up 0.25%.
The S&P 500 and Nasdaq Composite reached new all-time highs on Wednesday.
Seven out of 11 S&P sectors finished higher on Wednesday, led by technology.
Lululemon shares rose 10% in extended trading due to better-than-expected earnings.
Five Below shares fell 15% in extended trading due to disappointing quarterly results.
The market expects the Federal Reserve to cut interest rates in Q3 of this year.
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