Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
---|
Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
---|
Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
---|
Stocks surged higher on Thursday, with the S&P 500 index aiming to snap a four-day losing streak as investors assess the latest wave of corporate earnings.
During midday trading in New York, all major indices were in the green. Notably, small caps, as tracked by the iShares Russell 2000 ETF (NYSE:IWM), outperformed, posting a 1% increase.
Industry-wise, airline stocks continued their upward momentum, with the U.S. Global Jets ETF (NYSE:JETS) climbing 2.7%, building on Wednesday’s 3.9% surge.
Tesla Inc. (NASDAQ:TSLA) had another lackluster session, declining over 3% and on track for its lowest close since January 2023. This decline followed Deutsche Bank’s downgrade of the EV-maker from Buy to Hold, citing concerns over the strategic pivot to autonomous vehicles.
On the data front, the Philadelphia Fed Manufacturing Index posted a sharp upside surprise, registering at 15.5 compared to the expected 1.5 for April. However, existing home sales disappointed expectations, declining 4.3% year over year.
Commodities experienced a rebound, with copper witnessing strong gains, up over 2% to reach a 22-month high, and gold showing further strength with a 1% increase. Natural gas prices rallied over 3% due to slower than expected inventory builds last week.
Meanwhile, Bitcoin (CRYPTO: BTC) rallied 4% to reach $63,700 ahead of the highly anticipated halving event.
Major Indices | Price | 1-day %chg |
Russell 2000 | 1,964.69 | 0.9% |
Dow Jones | 37,894.26 | 0.4% |
S&P 500 | 5,038.47 | 0.3% |
Nasdaq 100 | 17,526.21 | 0.2% |
The SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.4% to $502.25, the SPDR Dow Jones Industrial Average (NYSE:DIA) also rose 0.4% to $379.08 and the tech-heavy Invesco QQQ Trust (NASDAQ:QQQ) inched 0.2% up to $426.62, according to Benzinga Pro data.
Sector-wise, the Communication Services Select Sector SPDR Fund (NYSE:XLC) outperformed, up 1.2%. The Technology Select Sector SPDR Fund (NYSE:XLK) was the major laggard, down 0.4%.
Image generated using artificial intelligence via Midjourney.
Posted In: $BTC ALK ALLY BX CMA COF DFS DHI DIA GPC ISRG IWM JETS KEY MMC NFLX QQQ SPY TSLA XLC