|Day's Range||24,128.72 - 24,402.46|
|52 Week Range||20,553.45 - 26,616.71|
Market recap for Thursday, April 26
The Nasdaq Composite broke a five-session losing streak Thursday, powered higher by a strong round of corporate earnings reports in the technology sector.
Indexes made gains on strong corporate earnings reports, and Facebook and Chipotle Mexican Grill both jumped after beating earnings expectations.
The Dow Jones Industrial Average finally caught a break—but it may not be due to earnings alone. The blue-chip benchmark rose 238.51 points, or 1%, to 24,322.34, while the S&P 500 gained 1% to 2666.94, and the Nasdaq Composite climbed 1,6% to 7118.68. Earnings, to be sure, were a good part of the Dow's rise. Visa (V) gained 4.8% to $127.08 after reporting better than expected earnings, adding a touch more than 40 points to the benchmark, but Microsoft (MSFT) rose 2.1% to $94.26—adding 17 points to the Dow—and Intel (INTC) gained 3.3% to $53.05, adding some 12 points, despite the fact that they didn't report until after the close.
U.S. stocks advanced on Thursday with each of Wall Street's major indexes ending the session up 1 percent or higher, boosted by solid earnings results and a rebound in technology stocks as U.S. bond yields pulled back. The tech-heavy Nasdaq snapped a five-day losing streak while the S&P technology index booked its first up day in six sessions.
U.S. stocks close sharply higher on Thursday, with major indexes up 1% as strong results from a number of bellwether stocks, including technology behemoth Facebook, lift equities in a broad advance.
A gauge of global equities advanced on Thursday, buoyed by a round of solid quarterly earnings in Europe and the United States, while the euro weakened after the head of the European Central Bank hailed "solid" economic growth but kept interest rates unchanged. On Wall Street, technology stocks jumped 2.27 percent, led by a 9.06 percent jump in Facebook Inc and a 4.90 percent rise in Visa after their quarterly results. Facebook reported a surprisingly strong rise in profit and an increase in users, with no sign that business was hurt by a scandal over the mishandling of users' personal data.
A gauge of global equities advanced on Thursday, lifted by a round of solid quarterly earnings in Europe and the United States, while the euro weakened after the head of the European Central Bank hailed "solid" economic growth but kept interest rates unchanged. On Wall Street, technology stocks (.SPLRCT) jumped 2.35 percent, led by a 9.73 percent jump in Facebook Inc (FB.O) and 4.694.62 percent rise in Visa (V.N) after their quarterly results. Facebook reported a surprisingly strong rise in profit and an increase in users, with no sign that business was hurt by a scandal over the mishandling of users' personal data.
Inflation is beginning to show up in first-quarter earnings, with a slew of quarterly reports on Thursday highlighting the pressure on margins from the rising costs of a range of raw materials, from fuel to freight costs to food and even wages. Oil prices, which are mostly dictated by supply-and-demand dynamics, are currently at a 3½-year high, raising costs for energy-dependent industries, such as airlines and transportation and logistics companies. On Thursday, PepsiCo Inc.(PEP)said every one of its businesses, from snack brands Frito-Lay to Quaker Foods and beverages, suffered operating-cost inflation in the quarter, due to higher raw-material costs.
The Dow Jones Industrial Average on Thursday booked its best one-day gain in about two weeks and the broader market all saw gains of at least 1% on the back of better-than-expected quarterly results and a retreat of government bond yields. The Dow closed up about 240 points, or 1%, at 24,322, marking its best daily rise since April 12, according to FactSet data. The blue-chip average's advance was largely aided by a rally in shares of Home Depot Inc. , up 4.7%, and Visa Inc. , rising by 4.8%.
Long-dated Treasury yields pull back on Thursday, halting a six-session streak of gains and ending a protracted selloff in U.S. government paper that saw the benchmark 10-year Treasury break above a psychologically ...
U.S. stocks rallied on Thursday, buoyed by strong earnings results and a resurgence in technology stocks as U.S. bond yields eased, with each of Wall Street's major indexes up more than 1 percent. The tech-heavy Nasdaq was on track to snap a five-day losing streak while the S&P technology index appeared poised to post its first up day in six sessions.
Want to know why the Dow Jones Industrial Average and other major indexes are doing what they're doing? The blue-chip benchmark has risen 301.04 points, or 1.3%, to 24,384.87, while the S&P 500 has gained 1.3% to 2673.70. The Nasdaq Composite has climbed 1.9% to 7135.65.
A ballooning budget deficit combined with a rising current-account deficit are raising the odds the U.S. could suffer an emerging-markets-style debt crisis, analysts at Deutsche Bank warned this week. To be sure, danger doesn’t appear imminent and the odds may even be overstated, but the risk is rising and shouldn’t be ignored, wrote Quinn Brody, macro strategist, and Torsten Slok, the bank’s chief economist, in a Wednesday note. A sovereign debt crisis occurs when a country is perceived as no longer able to meet its debt obligations.
Ballooning debt, cash vs. stocks and an investor’s ‘theory to everything’ are all contenders for the chart of the century.
U.S. stocks added to gains Thursday afternoon, with a slight acceleration of the rally occurring just after the Senate confirmed Mike Pompeo as U.S. secretary of state, in a 57 to 42 vote. The Dow Jones ...
An afternoon rally on Thursday was driving stocks sharply higher, and pushing the three main benchmarks back into the black for the month. The Dow Jones Industrial Average was up nearly 300 points, or 1.2%, at 24,366, on the back of gains in Visa Inc. and Home Depot Inc. . The S&P 500 index climbed 1.1% to 2,668 as the technology sector was jolted higher on better-than-expected corporate results from Facebook Inc. , while the technology-laden Nasdaq Composite Index rallied 1.6% at 7,116.
One of the most powerful trends supporting the U.S. equity market seems to have come to a quiet end.
Butch Cassidy and the Sundance Kid, Easy Rider, and Hello, Dolly! were in the cinemas the last time the new jobless figures were this low. Initial unemployment claims fell 24,000 last week to 209,000, according to the U.S. Labor Department. Throw in the news from the Kansas Federal Reserve that Midwest manufacturing is expanding even faster this month and first-quarter earnings that are heading for a 22% yearly gain, and the market should be soaring, right?
The Dow Jones Industrial Average on Thursday was being propelled higher by a rally in shares of Visa Inc., and Home Depot, helping to more than offset declines in the benchmark's most influential component: ...
Investing.com – Wall Street opened higher on Thursday, bolstered by strong earnings results from technology companies.The S&P 500 was up over 10 points or 0.40% to 2,650.08 as of 9:40 AM ET (13:40 GMT) while the Dow composite increased over 53 points or 0.22% to 24,137.80 and tech heavy NASDAQ Composite rose 63 points or 0.90% to 7,067.06.Technology stocks were much higher after stronger than expected earnings results.Facebook (NASDAQ:FB) surged 9.02% after its first-quarter results came in higher than expected. ...