The Dow Jones rose Thursday on surprise weekly jobless claims and GDP data. Tesla stock reversed lower on earnings.
The Dow Jones Industrial Average rose 300 points late on Thursday. Equities are tepid as markets digest recent developments and mixed earnings. US data split on Thursday, with better unemployment claims but lagging GDP growth.
The Dow Jones fell Wednesday ahead of the Fed interest rate decision and Fed Chair Powell's comments. Meta and Tesla earnings are next.
Thursday's coverage included more tech earnings, focus on Trump's latest on potential tariffs and more analysis around Monday's DeepSeek Dive.
S&P 500 futures are up 0.5%. Dow Jones Industrial Average futures are gaining 0.4%. Nasdaq 100 futures are rising 0.7%. On Wednesday, the Dow Jones Industrial Average fell 137 points, or 0.31%, to 44,
Solid results from Apple are buoying spirits, as investors brace for PCE inflation and weigh Trump's renewed tariff threat.
Wall Street is coming off a losing session after the Federal Reserve paused its interest rate-cutting campaign, leaving its borrowing rate unchanged in a range between 4.25% and 4.5%. In their postmeeting statement, policymakers noted that inflation remains "somewhat elevated."
S&P 500 futures rise as Meta and Tesla gain, but Microsoft and Caterpillar drag the Dow. US stock market reacts to earnings, GDP data, and Fed outlook.
Despite Thursday’s gains, the S&P 500 and the Nasdaq Composite remain on track to end the week lower, recovering only some of Monday’s losses. The Dow Jones Industrial Average is the only major index still positioned for a weekly gain.
The major indexes rose toward record highs Thursday with Tesla regaining a key level. Apple stock flashed a buy signal late on earnings.
On Wall Street, Tesla drove 2.9% higher even though Elon Musk’s electric-vehicle company reported a weaker profit for the latest quarter than analysts expected. Mr Musk asserted Tesla will offer unsupervised “full self-driving” technology to its customers as a paid service starting in Austin in June.