Stock Market Overview
The S&P 500 Index ($SPX) on Thursday closed up +1.11%, the Dow Jones Industrials Index ($DOWI) closed up +0.90%, and the Nasdaq 100 Index ($IUXX) closed up +1.61%.
U.S. stock indexes on Thursday settled moderately higher as the S&P 500, Dow Jones Industrials, and the Nasdaq 100 all posted new all-time highs. Strength in technology stocks on Thursday led the overall market higher. Stock indexes extended their gains after Thursday’s stronger-than-expected U.S. economic data signaled the economic rebound is accelerating.
A rally in technology stocks on Thursday was a bullish factor for the overall market. Notable gainers included a +5% gain in Nvidia (NVDA) after the stock was raised to a strong buy from outperform at Raymond James. Also, Advanced Micro Devices (AMD) closed up more than +5% on Thursday after Raymond James initiated coverage of the stock with a recommendation of outperform with a price target of $100. In addition, Thermo Fisher Scientific (TM... Read more
PORT FOURCHON, La. (AP) — Families anxiously awaited news of the 12 people missing from a capsized oil industry vessel Thursday while stormy weather delayed divers from searching for survivors.
SACRAMENTO, Calif. (AP) — Now that Gov. Gavin Newsom is letting more businesses reopen as coronavirus cases decline, the California Legislature on Thursday passed a bill requiring some hotels, stadiums other hospitality companies to offer laid-off workers their jobs back.
WASHINGTON (AP) — The Biden administration announced Thursday the U.S. is expelling 10 Russian diplomats and imposing sanctions against dozens of companies and other people, holding the Kremlin accountable for interference in last year's presidential election and the hacking of federal agencies.
ALBUQUERQUE, N.M. (AP) — It has been 30 years or so since residents in New Mexico's largest city last saw their stretch of the Rio Grande go dry.
SAN RAMON, Calif. (AP) — California regulators are stepping up their oversight of Pacific Gas & Electric after finding that the nation's largest utility has neglected the maintenance of an electrical grid that has ignited a series of deadly wildfires in Northern California and forced periodic blackouts affecting millions of people.
Delta Air Lines lost $1.2 billion in the first quarter, more than expected, but executives said Thursday that the airline could be profitable by late summer if the budding recovery in air travel continues.