Stocks Rise as Investors Eye Earnings, Economic Data | Closing Bell

Summary

U.S. stocks closed higher, with the S&P 500 and Nasdaq rising and the Dow near a record; technology led while health care, consumer discretionary and financials lagged. Bitcoin hovered near $70,000, and one host said it could go to zero. Single-stock movers included AppLovin, Oracle, Tegna, Hims & Hers, Kyndryl and Workday, while Treasury yields slipped despite a report China is urging banks to curb U.S. Treasury exposure.

• Stocks closed higher, with technology outperforming and the S&P 500 near a record.
• Health care, consumer discretionary and financials were among the session's laggards.
• Bitcoin traded near $70,000 amid bearish commentary about its lack of fundamentals.
• AppLovin jumped after a short seller retraction and Citi client data.
• Oracle rose on a D.A. Davidson upgrade tied to OpenAI and TikTok exposure.
• Tegna gained after Trump voiced support for a Nexstar deal.
• Hims & Hers, Kyndryl and Workday fell on company-specific news.
• Treasury yields edged lower despite reports China wants banks to curb U.S. Treasury exposure.