(MENAFN- Baystreet) Dow Aims at Seven Straight Daily Gains
Six-Day Streak for Dow in Danger
Dow Leaps for 6th Straight Positive Session
Dow Hopeful of Extending Streak
Stocks Weighed by Tech Weakness Subscribe to Get Small Cap News & Alerts Glenn Wilkins - Thursday, May 9, 2024
Dow Looking at 7th Straight Upward Session Advertisment
Stocks were slightly higher on Thursday as traders weighed disappointing earnings against new data that gave Wall Street hope of easier Federal Reserve policy later this year.
The 30-stock index gained 155.19 points to 39,211.58.
The S&P 500 regained 7.98 points to 5,195.65.
The NASDAQ fell 11.53 points to 16,291.23.
Weekly jobless claims came in at the highest level since August, raising expectations that central bankers might cut interest rates at some point this year.
A fresh batch of quarterly earnings reports came out below Wall Street's expectations. Warner Bros Discovery slid 2% after reporting a miss on the top and bottom lines, while semiconductor company Arm lost more than 6% over lackluster revenue guidance. Airbnb pulled back 7% after a weak guidance overshadowed a first-quarter beat.
Wall Street is coming off a mixed session, with the Dow notching a six-day winning streak and the S&P 500 closing lower for the first time in five days.
Prices for the 10-year Treasury inched up, lowering yields to 4.49% from Wednesday's 4.5%. Treasury prices and yields move in opposite directions.
Oil prices grew 45 cents to $79.44 U.S. a barrel.
Gold prices hiked $18.60 to $2,340.60.
About Us Contact Us Advertise License Our Content Jobs Disclaimer Privacy Policy
Copyright 1998 - 2024 Baystreet Media Corp. All rights reserved. Nasdaq Stocks: Information delayed 15 minutes. Non-Nasdaq Stocks: Information delayed 20 minutes. Bid and Ask quotation information for NYSE and AMEX securities is only available on a real time basis. Market Data is provided by QuoteMedia. Earnings by Zacks. Analyst Ratings by Zacks
MENAFN09052024000212011056ID1108195491
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.