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Michael Jordan of the Chicago Bulls hangs on the rim (Jeff Haynes/Getty Images)

S&P 500 climbs to new all-time high ahead of Big Tech earnings

Meta, Microsoft, and Tesla will report after the bell tomorrow.

Tasha Matsumoto

The S&P 500, Nasdaq 100, and Russell 2000 all gained ahead of tomorrow’s earnings from Meta, Microsoft, and Tesla and Apple’s earnings on Thursday. Investors were unfazed by the lowest consumer confidence reading since 2014. The Federal Reserve began its two-day policy meeting, where it is expected to keep interest rates steady. (Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

While tech was the best-performing sector, healthcare was the worst, as the Trump administration proposed flat rates for Medicare insurers, sending UnitedHealth, Molina Healthcare, Centene, CVS Health, Elevance Health, and Humana lower.

Stocks that moved higher:

Stocks that moved lower:

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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