The S&P 500 was flat Thursday as it aimed to wrap up its best first-quarter performance in five years. The broad market index was little changed, as was the Dow Jones Industrial Average. The Nasdaq Composite was also trading unchanged. For the quarter, the S&P 500 is up about 10%. It is on pace for its best first-quarter gain since 2019, when it rallied 13.1%. The 30-stock Dow, up 5.5% during the period, is tracking for its strongest first-quarter performance since 2021 when it advanced 7.4%. The Nasdaq is up 9.3% in the quarter thus far. Source: CNBC
Stocks rallied into the closing bell Thursday, shaking off early weakness tied to Microsoft Corp.'s lowered guidance and worries about the pace of Federal Reserve rate increases. The Dow Jones Industrial Average ended with a gain of around 435 points, or 1.3%, to end near 33,248, according to preliminary figures, while the S&P 500 advanced 76 points, or 1.8%, to close near 4,177. The Nasdaq Composite advanced around 322 points, or 2.7% to 12,317. Source : Marketwatch
Stocks mostly gained Thursday, as OPEC agreed to increase oil production. Investors, though, are waiting for Friday's key jobs report. In midday trading, the Dow Jones Industrial Average was up 91 points, or 0.3%, while the S&P 500 rose 0.7%, and the Nasdaq Composite rose 1.1%. The Invesco S&P 500 Equal Weight Exchange-Traded Fund (ticker: RSP), which weights each stock in the index equally and therefore shows the movement of the average stock, was up 0.8% "Equity markets have rebounded... on talk that Saudi will increase their oil production," wrote NatAlliance Securities' Andrew...
European markets closed just slightly up Thursday as traders continued to assess new data on inflation and economic activity. The pan-European Stoxx 600 was up 0.6% by the close, with construction and material stocks finishing 2.1% higher to lead the gains, while at the other end oil and gas stocks lost 0.2% . The U.K.'s FTSE 100 was closed on Thursday and Friday for the Queen's Platinum Jubilee celebrations. European traders are still digesting euro zone inflation numbers which hit an annual 8.1% in May, exceeding expectations and marking a seventh consecutive record high. Investors are...
U.S. stock indexes opened lower on Thursday as shares of Microsoft fell after the company lowered its profit forecast, offsetting relief from a pullback in oil prices that eased worries about rising inflation. The Dow Jones Industrial Average fell 4.22 points, or 0.01%, at the open to 32,809.01. The S&P 500 opened lower by 5.82 points, or 0.14%, at 4,095.41, while the Nasdaq Composite dropped 48.89 points, or 0.41%, to 11,945.57 at the opening bell. Source : Reuters
Hong Kong shares finished with losses Thursday as global markets went into retreat on recession fears with central banks pushing interest rates higher to stem a surge in inflation. The Hang Seng Index dropped 1.00 percent, or 212.81 points, to 21,082.13. But the Shanghai Composite Index rose 0.42 percent, or 13.30 points, to 3,195.46, while the Shenzhen Composite Index on China's second exchange gained 0.69 percent, or 13.86 points, to 2,026.51. Source : AFP