2024-01-19 00:45:00
Gains in technology stocks pushed major U.S. stock indexes higher on Thursday. The S&P 500 rose 0.9% and the Nasdaq rose 1.3%. The Dow rose 0.5%, ending three consecutive sessions of losses.
Updated January 19, 2024 08:45 CST
Gains in technology stocks pushed major U.S. stock indexes higher on Thursday.
The S&P 500 rose 0.9% and the Nasdaq Composite gained 1.3%. The Dow Jones rose 202 points, or 0.5%, ending three consecutive days of losses.
Information technology stocks were the best-performing sector in the S&P 500, rising 2%. Chip stocks rose following major chip supplier Taiwan Semiconductor reported a stronger outlook than Wall Street expected. The Philadelphia Exchange Semiconductor Index rose 3.4%, led by companies such as Qualcomm and Lam Research. Apple shares rose 3.3% to close at their highest level since 2024.
After experiencing a crazy rise to the end of 2023, the major stock indexes have been basically flat since January this year.
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Gains in technology stocks pushed major U.S. stock indexes higher on Thursday.
The S&P 500 rose 0.9% and the Nasdaq Composite gained 1.3%. The Dow Jones rose 202 points, or 0.5%, ending three consecutive days of losses.
Information technology stocks were the best-performing sector in the S&P 500, rising 2%. Chip stocks rose following major chip supplier Taiwan Semiconductor reported a stronger outlook than Wall Street expected. The Philadelphia Exchange Semiconductor Index rose 3.4%, led by companies such as Qualcomm and Lam Research. Apple shares rose 3.3% to close at their highest level since 2024.
After experiencing a crazy rise to the end of 2023, the major stock indexes have been basically flat since January this year.
The KBW Nasdaq Bank Index fell for a seventh consecutive session, falling 0.5% on Thursday. Discover Financial Services’ results fell short of expectations and shares fell 11%.
Health insurance stocks sold off following Humana warned that rising health care costs might affect its financial results. Humana shares fell 8%, with rivals such as CVS Health and Elevance Health also selling off.
Spirit Airlines fell 7.2%. Spirit Airlines is weighing restructuring options following a federal judge blocked JetBlue Airways’ deal to acquire the budget airline, The Wall Street Journal reported Thursday.
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