S&P 500 notches third straight record high close | 23 Jan 2024 | The S&P 500 climbed to a record high close on Tuesday as investors digested a mixed bag of early quarterly results and awaited a slew of additional reports from Tesla and other companies later this week. It was the third straight all-time high for the benchmark stock index, and many investors view upcoming quarterly reports from the heavily weighted "Magnificent 7" group of megacap companies as key to whether Wall Street's recent rally continues or loses steam... Wall Street's recent gains have been fueled by expectations of lower interest rates and optimism around artificial intelligence, which has helped lift the Philadelphia chip index, opens new tab over 5% so far in 2024, adding to a 65% surge last year.