US Stock market today: S&P 500, Nasdaq, Dow Jones set to end week in positive manner
Nasdaq
100 E-minis were up 34 points, or 0.14 per cent, and Dow E-minis were up 60 points, or 0.14 per cent.
The Nasdaq ended at a record close, buoyed by tech names after signs they could sidestep new chip tariffs by building more in the United States. Both the S&P 500 and the Nasdaq were on track for their best week in over a month.
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Apart from tech stocks, equities have ridden a sharp reset in rate expectations and a flurry of upbeat earnings.
The CME FedWatch tool shows traders see a 90 per cent chance of the first rate cut of the year coming next month - and futures point to at least two cuts by year-end.
On Thursday, the S&P 500 and the Dow ended lower, weighed down by a 14.1 per cent drop in Eli Lilly after results from a late-stage study on its experimental GLP-1 pill fell behind that of Novo Nordisk's.
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Meanwhile, U.S. tariffs on a bunch of trading partners took effect at midnight on Thursday. Tokyo's trade negotiator said Washington will amend a presidential executive order to remove overlapping tariffs on Japanese goods, terming it as oversight.
In earnings-related moves, Trade Desk sank 31.7 per cent in premarket trading after the ad-tech firm reported a sharp slowdown in second-quarter revenue growth.
Pinterest tumbled 12.7 per cent as the social media platform missed analysts' estimates for second-quarter profit. GoDaddy slipped 4.8 per cent after its second-quarter results failed to impress investors. Expedia surged 17 per cent after raising its annual forecast for gross bookings and revenue growth.
FAQs
Q1. How did
US Stock Market
behave on Thursday?
A1. On Thursday, the S&P 500 and the Dow ended lower, weighed down by a 14.1 per cent drop in Eli Lilly after results from a late-stage study on its experimental GLP-1 pill fell behind that of Novo Nordisk's.
Q2. Which are top three indexes of US Stock Market?
A2. Top three indexes of US Stock Market are S&P 500,
Dow Jones
, and Nasdaq.
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