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4 minutes ago
Nvidia stole the show, but Thursday’s gains were quite wide.
Nvidia’s 16% gain was the highlight of Thursday’s market performance, but the major averages showed sizeable gains across most of the board.
The S&P 500 ended up 2.11%, while the Nasdaq Composite rose nearly 3%. Both indexes had their best days in more than a year.
Tech was the leading sector, rising 4.35%, while industrials and healthcare each rose more than 1%, setting new closing records. Among industrial stocks, Quanta Services was the big winner, rising more than 10%, while Moderna soared 13.5%, helped by a boost in healthcare. The only sector that fell was utilities, which fell 0.77%.
38 minutes ago
Stock prices move significantly after hours
Let’s take a look at some of the companies that are making headlines for their after-hours trading.
- Intuit — Shares fell about 1% after the financial software company posted revenue of $3.39 billion in the second quarter. The results were in line with expectations of analysts surveyed by LSEG. Adjusted earnings beat Wall Street expectations at $2.63 per share, compared to analysts’ expectations of $2.30 per share.
- Live Nation Entertainment — Shares rose about 1% in after-hours trading. Live Nation reported revenue of $5.84 billion, beating analysts’ expectations of $4.79 billion, according to LSEG. The company’s fourth-quarter operating profit was also slightly below consensus.
- Booking Holdings — The online travel company fell more than 4% even though it reported fourth-quarter profit and revenue growth, despite a 9% increase in room reservations. Booking Holdings also announced that it will begin paying a quarterly cash dividend of $8.75 per share.
Read the full list here.
— Brian Evans
1 hour ago
Stock futures little changed
Stock futures were little changed Thursday after the S&P 500 and Dow Jones Industrial Average both hit record highs following Nvidia’s explosive earnings announcement.
Futures, which track the Dow Jones Industrial Average, fell 9 points, or 0.02%. S&P 500 futures fell 0.03% and Nasdaq 100 futures fell 0.09%.
— Brian Evans
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