An Hour Ago
Nvidia stole the show, but Thursday’s rally was fairly broad
Nvidia‘s 16% jump headlined Thursday’s market action, but the major averages saw sizeable gains across much of the board.
The S&P 500 closed 2.11% higher, and the Nasdaq Composite added nearly 3%. Both indexes saw their best day in more than a year.
While tech was the leading sector with a 4.35% gain, industrials and health care each gained more than 1% and hit fresh record closes. Quanta Services was the big winner in industrials, rising more than 10%, while Moderna popped 13.5% to help lift health care. Utilities was the one losing sector, down 0.77%.
An Hour Ago
Stocks making the biggest moves after hours
Check out some of the companies making headlines in extended trading.
- Intuit — Shares pulled back roughly 1% after the financial software company posted revenue of $3.39 billion in its fiscal second quarter. The result was in line with what analysts polled by LSEG had expected. Adjusted earnings came in ahead of Wall Street’s estimate at $2.63 per share, compared to $2.30 per share anticipated by analysts.
- Live Nation Entertainment — Shares added about 1% in extended trading. Live Nation reported revenue of $5.84 billion, surpassing analysts’ estimates of $4.79 billion, per LSEG. The entertainment company also posted fourth-quarter operating income that was slightly below consensus.
- Booking Holdings — The online travel company fell more than 4% even after reporting a fourth-quarter earnings and revenue beat, while room nights booked increased by 9%. Booking Holdings also announced it would initiate a quarterly cash dividend of $8.75 per share.
Read the full list here.
— Brian Evans
An Hour Ago
Stock futures are little changed
Stock futures were little changed on Thursday after both the S&P 500 and Dow Jones Industrial Average reached record highs following a blowout earnings report from Nvidia.
Futures tied to the Dow Jones Industrial Average ticked down 9 points, or 0.02%. S&P 500 futures pulled back 0.03%, while Nasdaq 100 futures slipped 0.09%.
— Brian Evans
