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Stock market today: Dow, S&P 500, Nasdaq rise as oil jumps, earnings roll in after Tesla disappoints
Investors are weighing lackluster earnings from Tesla and rising oil prices after President Trump hit Russia with sanctions.
Shares of Dow Inc. jumped 12.95% to $24.51 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.58% to 6,738.44 and the Dow Jones Industrial Average rising 0.
Dow hits record high as U.S. stocks soar. Investors cheered a lighter-than-expected inflation report. The Dow Jones climbed 400 points. The S&P 500 and Nasdaq also posted strong gains. Technology and semiconductor stocks led the rally.
The company posted a net loss of $0.19 a share on an adjusted basis, narrower than analysts’ projected loss of $0.30 a share, according to consensus estimates. Revenue totaled $9.97 billion, falling short of the expected $10.23 billion and down 8% from the year-ago period amid lower prices and softer demand across all operating segments.
Equities fell on Wednesday as the first of the Magnificent Seven stocks — Tesla — prepares to deliver earnings results after the market's close.
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Stock Market Today: Dow Soars To A New High On CPI Data; This Solar Name Shines After Earnings (Live Coverage)
Also, IBD MarketSurge Growth 250 name Newmont NEM trimmed larger morning losses to roughly 4% despite the gold miner's third-quarter earnings and sales that beat views. Its profit grew 111% to $1.71 per share on sales that grew 20% to $5.524 billion.
Follow along for live updates on the Dow, S&P 500, Nasdaq and other markets.
Shares of Constellation Energy Corp. rose 6.39% to $389.19 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.79% to 6,791.