The Dow Jones Industrial Average closed at 29,379.77 on Thursday with a gain of 88.92 points or 0.30%. The S&P 500 closed at 3,345.78 for a gain of 11.09 points or 0.33%. The Nasdaq Composite closed at 9,572.15 for a gain of 63.47 points or 0.67%. The VIX Volatility Index was lower at 14.96 for a loss of 0.19 points or -1.25%.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Thursday’s market movers” data-reactid=”12″>Thursday’s market movers
U.S. indexes closed higher for a fourth day in a row on Thursday. China announced it would be reducing tariff rates on $75 billion worth of goods. Investors were also watching estimates on tomorrow’s jobs report, expecting 164,000 new payrolls.
On the earnings calendar, top headlines included:
- Twitter (NYSE:TWTR): Revenue of $1.01 billion increased 11.1% year over year and beat estimates by $15.11 million. Fourth-quarter GAAP earnings of 15 cents per share missed estimates by 2 cents and non-GAAP earnings of 25 cents per share missed by 2 cents.
- Uber (NYSE:UBER): Revenue of $4.07 billion increased 37.0% year over year and beat estimates by $10 million. The fourth-quarter GAAP earnings loss of 64 cents per share beat estimates by 4 cents.
In other news:
- Casper Sleep (NYSE:CSPR) gained 13% in its initial public offering.
- Mortgage rates were lower, according to Freddie Mac’s weekly mortgage market survey. The 30-year fixed-rate mortgage averaged 3.45%, down from 3.51%. The 15-year fixed-rate mortgage averaged 2.97%, down from 3.00%.
- Jobless Claims were 202,000, down from 217,000. Continuing jobless claims increased to 1,751,000 from 1,703,000.
- Nonfarm Productivity increased 1.4% in the fourth quarter and unit labor costs increased 1.4%.
- The Treasury held auctions for 4-week bills at a rate of 1.54% and 8-week bills at a rate of 1.55%.
In the S&P 500, technology and real estate led gains. In the Dow Jones Industrial Average, the following stocks led gains:
- Boeing (NYSE:BA) 3.60%
- Microsoft (NASDAQ:MSFT) 2.26%
- Apple (NASDAQ:AAPL) 1.25%
- Disney (NYSE:DIS) 0.94%
- Walgreens Boots Alliance (NASDAQ:WBA) 0.94%
- Verizon (NYSE:VZ) 0.52%
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Small-cap stocks” data-reactid=”42″>Small-cap stocks
In small-caps, the Russell 2000 closed at 1,677.46 for a loss of 4.46 points or -0.27%. The S&P 600 closed at 1,016.66 for a loss of 3.54 points or -0.35%. The Dow Jones U.S. Small-Cap Growth Index closed at 10,841.62 for a loss of 16.76 points or -0.15%. The Dow Jones U.S. Small-Cap Value Index closed at 9,744.34 for a loss of 58.74 points or -0.60%.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Other notable indexes” data-reactid=”44″>Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 2,069.69 for a loss of 10.63 points or -0.51%; the S&P 100 at 1,504.14 for a gain of 8.00 points or 0.53%; the Nasdaq 100 at 9,445.92 for a gain of 78.43 points or 0.84%; the Russell 3000 at 1,957.77 for a gain of 5.10 points or 0.26%; the Russell 1000 at 1,849.65 for a gain of 5.48 points or 0.30%; the Wilshire 5000 at 34,170.60 for a gain of 96.55 points or 0.28%; and the Dow Jones U.S. Select Dividend Index at 757.64 for a loss of 1.56 points or -0.21%.
Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.
<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="This article first appeared on GuruFocus.
” data-reactid=”47″>This article first appeared on GuruFocus.
Add Comment