Wall Street's main indexes rose on Thursday, with tech giant Apple a record high, a day after the Federal Reserve hinted an end to its aggressive rate hike campaign and signaled that borrowing costs would be lower year. .N
At 10:37 ET, the Dow Jones Industrial Average .DJI was up 0.13% at 37,137.93. The S&P 500 .SPX was up 0.29% at 4,720.6 and the Nasdaq Composite .IXIC was up 0.27% at 14,774.373.
The top three S&P 500 .PG.INX percentage gainers:
** Align Technology ALGN.O, up 12%
** Moderna MRNA.O, up 12%
** SolarEdge Technologies SEDG.O, up 11%
The top three S&P 500 .PL.INX percentage losers:
** Cardinal Health CAH.N, down 6.6%
** Adobe ADBE.O, down 6.3%
** Everest Group EG.N, down 5.5%
The top NYSE .PG.N percentage gainer:
** Gaotu Techedu GOTU.N, up 18.6%
The top three Nasdaq .PG.O percentage gainers:
** TPI Composites TPIC.O, up 55.8%
** C4 Therapeutics CCCC.O, up 48.8%
** XBP Europe Holdings XBP.O, up 40.9%
The top three Nasdaq .PL.O percentage losers:
** Mind Technology MINDP.O, down 34.7%
** Amtech Systems ASYS.O, down 31.2%
** Cepton CPTN.O, down 26.4%
** Adobe Inc ADBE.O: down 6.3%
BUZZ - Slides on anti-trust issues, weak revenue forecasts
** Ocular Therapeutics Inc OCUL.O: down 14.1%
BUZZ - Tumbles on $100 mln stock offering
** AerSale Corp ASLE.O: down 8.3%
BUZZ - Falls as Leonard Green carves stake in secondary offering
** Invesco Ltd IVZ.N: up 6.8%
BUZZ - Rises after KBW upgrades to 'outperform', lifts PT
** Moderna Inc MRNA.O: up 12.0%
BUZZ - Rises on positive trial data for melanoma vaccine plus Keytruda
** Foot Locker Inc FL.N: up 7.0%
BUZZ - Rises after Piper Sandler upgrades to 'overweight'
** Newmont Corp NEM.N: up 2.9%
** Barrick Gold Corp GOLD.N: up 1.5%
** Sibanye Stillwater Ltd SBSW.N: up 8.9%
** Gold Fields Ltd GFI.N: up 8.7%
BUZZ - Gold miners rise as dollar, Treasury yields weaken on Fed rate cut forecast
** Codexis Inc CDXS.O: up 20.6%
BUZZ - Up on licensing agreement with Aldevron
** Apellis Pharmaceuticals Inc APLS.O: down 21.1%
BUZZ - Falls after concerns over eye disease drug approval in EU
** Upstart Holdings Inc UPST.O: up 3.5%
** SoFi Technologies Inc SOFI.O: up 5.3%
** Block Inc SQ.N: up 7.3%
BUZZ - Fintech, payment stocks rise after Fed signals policy pivot
** KeyCorp KEY.N: up 4.5%
BUZZ - Rises after Wells Fargo upgrades to Street-high PT
** Exxon Mobil Corp XOM.N: up 2.4%
** Chevron Corp CVX.N: up 2.4%
** Marathon Oil Corp MRO.N: up 3.2%
** Devon Energy Corp DVN.N: up 4.6%
BUZZ - Oil companies rise as IEA lifts 2024 demand forecast
** Occidental Petroleum Corp OXY.N: up 3.6%
BUZZ - Gains as Berkshire Hathaway boosts stake
** Pagaya Technologies Ltd PGY.O: up 14.4%
BUZZ - Rises after Jefferies initiates coverage with 'buy'
** Jabil Inc JBL.N: up 5.0%
BUZZ - Rises on Q1 results beat
** Park Hotels & Resorts Inc PK.N: up 7.3%
** Host Hotels & Resorts Inc HST.O: up 5.7%
** Sunstone Hotel Investors Inc SHO.N: up 4.6%
BUZZ - J.P.Morgan upgrades, raises PTs on lodging REITs
** Live Nation Entertainment Inc LYV.N: up 5.8%
BUZZ - Gains after brokerage upgrades to 'overweight'
** Pembina Pipeline Corp PBA.N: down 1.1%
BUZZ - Falls after deal with Enbridge
** Zions Bancorporation NA ZION.O: up 4.6% premarket
BUZZ - Rises after brokerages raise price targets
** FedEx Corp FDX.N: up 1.5%
BUZZ - Bernstein raises PT for FedEx on improved market conditions, cost-cut push
** D R Horton Inc DHI.N: up 4.4%
** Lennar Corp LEN.N: up 4.9%
** Pultegroup Inc PHM.N: up 4.1%
** Toll Brothers Inc TOL.N: up 6.0%
** KB Home KBH.N: up 5.9%
BUZZ - Bank of America sees tailwind for US homebuilders on lower interest rates
** Bluebird Bio Inc BLUE.O: up 11.3%
BUZZ - Rises after coverage agreement on gene therapy
** Top Ships Inc TOPS.O: up 6.0%
BUZZ - Gains on $4 mln share buyback plan
The 11 major S&P 500 sectors:
Communication Services |
.SPLRCL |
down 0.63% |
Consumer Discretionary |
.SPLRCD |
up 1.03% |
Consumer Staples |
.SPLRCS |
down 0.58% |
Energy |
.SPNY |
up 2.43% |
Financial |
.SPSY |
up 0.82% |
Health |
.SPXHC |
down 0.65% |
Industrial |
.SPLRCI |
up 0.85% |
Information Technology |
.SPLRCT |
down 0.12% |
Materials |
.SPLRCM |
up 1.86% |
Real Estate |
.SPLRCR |
up 2.45% |
Utilities |
.SPLRCU |
up 0.65% |
(Compiled by Rajarshi Roy and Arasu Kannagi Basil in Bengaluru)