The S&P 500 and Nasdaq were on course for a third consecutive session of gains, led by technology stocks and industrial companies tied to data center construction. SpaceX’s strong results and Elon Musk’s comments on power, cooling and electrical equipment supported GE Vernova, Eaton and Vertiv, while Super Micro Computer’s better-than-expected revenue forecast boosted the technology hardware sector. Apple will offer limited stocks of its foldable iPhone Duo, priced at $1,999, on Friday, limit purchases to two devices per customer and face delivery delays exceeding three months. Meta Platforms is also due to report, with investors watching engagement with its Muse personal AI agent, capital expenditure plans and the possibility of an equity offering to finance AI infrastructure, while Lam Research’s results may influence Micron, Intel and Qnity Electronics.
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