Stocks moved further into record territory on Wall Street. The S&P 500 rose 0.3% Thursday, its second record in a row. The Dow Jones Industrial Average climbed 0.2%, eking out an all-time high of its own. The Nasdaq composite added 0.5%. The advances were driven largely by gains in huge tech companies including Broadcom, Alphabet and Amazon, even as many stocks fell. Spam maker Hormel sank after reporting earnings that fell short of Wall Street's forecasts and cutting its outlook for the year. Treasury yields were little changed in the bond market following some mixed reports on the economy.
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Stocks edged higher ahead of a closely watched earnings report from Nvidia. The S&P 500 rose 0.2% Wednesday, beating the all-time high it set two weeks ago. The Nasdaq composite rose 0.2%. The Dow Jones Industrial Average gained 0.3%. Investors see Nvidia’s quarterly report as a barometer for the strength of the boom in artificial intelligence because the company makes most of the chips that power the technology. Cracker Barrel climbed 8% after scrapping plans to change its logo following an uproar on social media that even drew a comment from President Trump. Treasury yields fell in the bond market.
Tesla gave Elon Musk a stock grant of $29 billion on Monday as a reward for years of “transformative and unprecedented” growth despite a recent foray into right-wing politics that has hurt its sales, profits and its stock price. In giving its billionaire CEO 96 million in restricted shares, the electric car company noted that Musk hasn’t been paid in years because his 2018 compensation package has been rejected by a Delaware court. Tesla on Monday called the grant a “first step, good faith” way of retaining Musk and keeping him focused, citing his leadership of SpaceX, xAI and other companies. .
The completion of a bank acquisition negatively affected first quarter earnings for a West Virginia-based financial services company.
Charlotte, North Carolina-based Nucor Corp., which is currently building a new sheet mill in Mason County, reported lower 2024 third-quarter e…
Calgary, Alberta-based TC Energy Corporation, which currently has offices located in the historic Columbia Gas building in , reporte…
Charlotte, North Carolina-based Nucor Corp., which is currently building a new sheet mill in Mason County, reported lower 2024 second quarter …
CHARLOTTE, N.C. — Nucor Corporation announced increased first quarter earnings Monday, when compared to the fourth quarter of last year.
Nucor Corp. reported lower earnings in the third quarter of 2022 and cited economic uncertainty and 40-year-high inflation.
Lululemon merchandise is displayed at a pop-up store in Los Angeles in 2019.
