Advertisment
The S&P 500 climbed for a third straight session on Thursday, as investors weighed the latest batch of corporate earnings.
The Dow Jones Industrials lost 125.65 points to 44,747.63.
The much-broader index took on 14.26 points to 6,083.57
The tech-heavy NASDAQ ballooned 99.66 points to 19,791.99.
Semiconductor names slid, with Qualcomm and Arm each declining more than 3%. Skyworks Solutions lost 24% after reporting its quarterly results. Ford Motor also fell 7% after the automaker forecast a difficult 2025.
Honeywell shares ended the day off more than 5%, dragging the Dow lower, after the company issued full-year earnings guidance that fell short of what analysts anticipated. The conglomerate also announced it would split into three companies.
By contrast, Philip Morris shares surged nearly 11% on the heels of the international tobacco company reporting better-than-expected earnings and revenue for the fourth quarter. The stock notched a record close.
Prices for the 10-year Treasury eased a bit, raising yields to 4.44% from Wednesday’s 4.42%. Treasury prices and yields move in opposite directions.
Oil prices poked ahead 44 cents to $70.59 U.S. a barrel.
Prices for gold fell $11.70 an ounce to $2,881.30 U.S.
S&P Gains for 3rd Straight Session
