Although that’s good news for workers and for a so-far solid job market, it could also result in some upward pressure on inflation. ![]() One showed that fewer workers applied for unemployment benefits last week than expected. It also raised its financial forecast for the full year, though it said it’s seeing shoppers remain cautious about spending. It reported stronger revenue and earnings for the latest quarter than analysts expected.Īlso helping to lift Wall Street was another retailer, Walmart, which rose 1.3% after reporting stronger results for the latest quarter than expected. That stoked speculation that Grand Theft Auto VI is on the way, and its stock jumped 11.7%.īath & Body Works was close behind with a gain of 10.7%. Video game maker Take-Two Interactive shot to the biggest gain in the S&P 500 after it forecast a huge jump in revenue for fiscal 2025. The Dow Jones industrial average added 0.3%, while the Nasdaq composite climbed 1.5%. government can avoid a disastrous default on its debt. The Standard & Poor’s 500 index gained 0.9%, adding to its rally from the day before as hopes rise further that the U.S. ![]() Stocks rose again Thursday after more companies reported better profits than expected, while yields climbed after a Federal Reserve official cautioned that the end to its interest rate hikes may not come as soon as Wall Street hoped.
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