Healthcare and financial stocks helped propel the Dow Jones Industrial Average to a fresh record Thursday, while tech stocks lagged behind after investors were rattled by Broadcom’s latest financial guidance. Shares in UnitedHealth Group a Dow component, rose 5.2% after Bank of America upgraded the stock. Financial stocks in the Dow including Goldman Sachs JPMorgan and American Express saw gains of 3.3% or higher.
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Wall Street rallied after falling oil prices and yields in the bond market eased the pressure on U.S. stocks. The Dow Jones Industrial Average soared 1.7% to a record, and the Nasdaq composite slipped 0.1%. The Nasdaq composite fell 23.02 points, or 0.1%, to 26,830.96.
US equity indexes were mixed on Thursday amid a sell-off in tech stocks and a decline in crude oil f
Energy stocks were mixed late Thursday afternoon, with the NYSE Energy Sector Index increasing 0.2%
Despite flare-ups in Middle East violence, investors remain optimistic that the U.S. and Iran will soon end the war.
Energy stocks were slightly higher Thursday afternoon, with the NYSE Energy Sector Index increasing
US equity indexes rose in midday trading Thursday amid a broad-based rally as a decline in crude oil
US equity indexes were mixed in midday trading on Thursday amid a decline in technology shares, gove
UnitedHealth Group shares surged to lead the Dow higher Thursday after the insurance giant's stock was upgraded by Bank of America.
Nasdaq Falls as Broadcom Rout Overshadows Stronger Dow Surge
The Dow surged back to record levels on Thursday as big financial stocks provided a boost. The blue-chip index rose 866 points or 1.7%, on pace for an all-time high and its biggest percentage gain since April. If the Dow closes at a record today, it would mark its 15th record in 2026.
The Dow Jones Industrial Average rose Thursday while other indexes lagged behind thanks in part to gains in bank and healthcare stocks. “This is a non-chip rally,” said Jay Hatfield, chief executive officer and portfolio manager at Infrastructure Capital Advisors.
Nine out of 11 sectors were in the green in the DJIA index, with information technology and energy sectors down 2.6% and 0.5%, respectively.
June 4 (Reuters) - The S&P 500 and the Nasdaq dropped at the open on Thursday, as Broadcom's revenue miss pressured chip stocks, while equity investors took a breather after a strong rally to record
The Dow opened higher, but the S&P 500 and Nasdaq were on pace to fall for a second day in a row. The Dow rose 503 points, or 1%. The S&P 500 fell 0.3%. The Nasdaq tumbled 1.1%. A majority of stocks in the Dow and S&P were rising, but the chip stock slide was overpowering the latter.
U.S. stocks ended lower on Wednesday, retreating from their record highs, as fresh tensions in the Middle East dented investors' confidence and a surge in global oil prices reignited fears of inflation ticking higher.
Global wealth jumped nearly 9% to $98.3 trillion last year, led by growth in North America and Asia Pacific, according to a new report.
APPS, VPG, AAON, HLIO and ASX surge on strong momentum, with sharp price gains and rising earnings estimates signaling potential for continued upside.
US stocks were expected to head in different directions on Thursday morning, as oil prices retreat but tech earnings overnight disappointed investors. Dow Jones futures were called 0.8% higher, but the S&P 500 was off 0.4% and Nasdaq futures were down 1.3%. The latter pair were...
Shares of aerospace and defense conglomerate RTX rose early Thursday after catching a Wall Street upgrade. On Thursday, Jefferies analyst Sheila Kahyaoglu upgraded RTX shares to Buy from Hold. RTX stock rose 1.4% in premarket trading to $175, while futures were down 0.6%.
Stock Market Today: The Dow Jones index rose Thursday ahead of jobless claims. Broadcom and CrowdStrike plunged on earnings.
Pre-Market Stock Futures: Futures are trading mixed after the AI/Datacenter/Storage/Technology rally took a day off on Wednesday. By the close, all of the major indices finished the day down in a big way. The same issues that have added pressure to stocks once again showed up at the party, as rising interest rates and oil ... Here Are Thursday’s Top Wall Street Analyst Research Calls: Broadcom, CMS Energy, Commercial Metals, FedEx Freight, Medtronic, Murphy Oil, Sherwin-Williams, TeraWulf, and M