US Equities Close Mixed, Ahead of Amazon Earnings
US indices closed mixed on Thursday, as investors digested latest batch of corporate results ahead Amazon earnings and Friday's job report.
The S&P 500 and Nasdaq added 0.3% and 0.5%, respectively, with the latter notching a three-day winning streak, while the Dow lost 125 points. Qualcomm dropped 3.8% and Arm lost 3.4%, while Skyworks Solutions plunged 24.7% following its latest earnings report. Ford fell 7.1% as the automaker projected a challenging 2025, and Honeywell slid 5.5% after issuing weaker-than-expected earnings guidance and announcing plans to split into three companies, weighing on the Dow.
In contrast, Philip Morris surged 11% after posting strong earnings and revenue, setting the stock up for a record high close. Eli Lilly also gained 3.7% following an earnings beat. Meanwhile, bank stocks climbed after the Fed's stress test revealed milder hypothetical shocks. Citigroup gained 3.7%, while Goldman Sachs, Morgan Stanley, Bank of America, and JPMorgan rose over 1.5% each.
Source: trading Economics