The S&P 500 was clinging to a small gain on Thursday as concerns about slowing g...
NEW YORK - The S&P 500 was clinging to a small gain on Thursday as concerns about slowing global growth and a dive in industrials stocks overshadowed gains in Facebook and Microsoft.
On the other hand, Facebook Inc rose 6% and Microsoft Corp climbed 3.5% after the technology heavyweights reported better-than-expected results. The S&P 500 has rallied almost 17% so far this year, rebounding from a late-2018 slump, on hopes of a U.S.-China trade deal, the Fed’s move to pause interest rate hikes and some better than expected earnings reports.
Refinitiv data through Thursday morning showed that Wall Street now expects S&P 500 first-quarter earnings to be level with the year-ago quarter, a sharp improvement from the 1.1% decline expected just on Wednesday, and better than the 2% fall expected at the start of April. Excluding energy, the growth rate would climb to 1.4%.
The top gainer on the S&P 500 was Lam Research, which jumped 5% as the semiconductor equipment maker reported better-than-expected quarterly results.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street closes slightly higher, industrials leadIndustrials led the S&P 500 and the Dow moderately higher on Thursday after robu...
Read more »
Sri Lanka lifts curfew after bomb attacks kill 290, wound 500Authorities lifted a curfew in the Sri Lanka on Monday, a day after 290 people w...
Read more »
S&P 500 and Nasdaq rally to record closing highs after strong earnings from broad range of companiesThe S&P 500 and Nasdaq both closed at record highs today. The S&P 500 closed at 2,933.62, breaking the previous record of 2,930.75.
Read more »
S&P 500 rallies toward record close after strong earnings from broad range of companiesThe S&P 500 headed for a record close as Wall Street cheered strong quarterly profits from some of the largest publicly traded U.S. companies.
Read more »
S&P 500 heads for new record close after strong earnings from broad range of companiesThe S&P 500 headed for a record close as Wall Street cheered strong quarterly profits from some of the largest publicly traded U.S. companies.
Read more »
Sri Lanka lifts curfew after bomb attacks kill 290, wound 500There was no immediate claim of responsibility but the government says 12 people had been arrested and police would look into whether the attackers had 'overseas links.'
Read more »
The S&P 500 and Nasdaq are within striking distance of records in midday Tuesday tradeThe S&P 500 index and the Nasdaq Composite on Tuesday were within a hair's breadth of closing records, last hit in in the fall, as a rebound in the...
Read more »
S&P 500 flirts with record high on upbeat earningsThe S&P 500 was within striking distance of its all-time high on Tuesday as bett...
Read more »
S&P 500, Nasdaq Close at Record HighsThe S&P 500 and Nasdaq Composite closed at their highest levels ever Tuesday, marking a resurgence for a stock market to record levels after a rout last year hampered their climb.
Read more »
The S&P 500 is on track to close at a record high | Markets InsiderThe S&P 500 and Nasdaq finished at records.
Read more »
The S&P 500 and Nasdaq just closed at records, ending a monthslong droughtThe S&P 500 index and the Nasdaq Composite on Tuesday finished in record territory, notching all-time highs for the first time since fall and late...
Read more »