Market Mixed: Dow Hits Record, Nasdaq Dips

Stock markets closed with mixed results on Thursday, as the S&P 500 hit a six-week high and the Dow Jones Industrials reached a new record, driven by falling bond yields and a weaker labor market. The Nasdaq dipped slightly, while Visa shares surged and managed healthcare stocks rallied. Weekly jobless claims rose unexpectedly, and the US trade deficit shrank. The third-quarter earnings season saw 83% of S&P 500 companies exceeding forecasts, with earnings up 14.6% and the best performance since 2021. Investors face a complex market landscape with contrasting economic indicators.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.