The S&P 500 and Nasdaq fell on Thursday, weighed down by drops in Tesla and Netflix following their quarterly results, but the Dow advanced for a ninth straight day thanks to gains in Johnson & Johnson following a strong annual forecast.
The S&P 500 and Nasdaq fell on Thursday, weighed down by drops in Tesla and Netflix following their quarterly results, but the Dow advanced for a ninth straight day thanks to gains in Johnson & Johnson following a strong annual forecast.
Consumer stocks were mixed late Thursday, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) slumping 3.5%.
What happened
Investors in Meta Platforms (NASDAQ: META) were in the red on Thursday. Shares of the social media giant were down 4% by 3 p.m. ET today, compared to a 0.7% drop in the S&P 500. Yet the stock is still absolutely trouncing the market so far in 2023, up 153% while
The S&P 500 and Nasdaq fell on Thursday, weighed down by drops in Tesla and Netflix following their quarterly results, but the Dow was higher for a ninth straight day thanks to gains in Johnson & Johnson following a strong annual forecast.
Consumer stocks were mixed Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.9% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 2.8%.
Tesla TSLA announced Q2 earnings results Wednesday, after the market closed, reporting better than expected sales and earnings figures. However, the stock is down -8% in trading Thursday morning nonetheless, as investors fixated o
The tech-heavy Nasdaq fell on Thursday, as Tesla and Netflix results underwhelmed investors, while a strong annual forecast by Johnson & Johnson set the blue-chip Dow on course for its ninth day of gains.
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