The S&P 500 rose on Thursday, boosted by those in the tech space, as investors attempted to regain their footing following Wednesday’s slide.
The Dow Jones Industrials slid 4.09 points to 46,586.32.
The much broader index 18.8 points to 6,719.20.
The NASDAQ regained 129.80 points to 22,870, supported by gains in names such as Amazon, Broadcom and Meta Platforms
More than three-quarters of S&P 500 companies reporting so far have exceeded earnings expectations
Trade remains in focus as well. President Donald Trump said Wednesday evening that his upcoming meeting with Chinese President Xi Jinping is “scheduled,” easing some fears about U.S.-China relations that had put markets under pressure on Wednesday.
Now, investors are continuing to watch earnings releases from the biggest U.S. companies, which many believe could be make-or-break for the current bull market rally.
Tesla – which kicked off reports from the “Magnificent Seven” megacap tech group – saw shares dip more than 1% on the back of mixed third-quarter results. IBM shed 2% after the tech company beat Wall Street estimates but reported in-line software revenue.
Prices for the 10-year Treasury slumped Thursday, raising yields to 4% from Wednesday’s 3.96%. Treasury prices and yields move in opposite directions.
Oil prices gained $3.42 to $61.92 U.S. a barrel.
Gold prices surged $89.50 to $4,154.90 U.S. an ounce.
