US Stocks Rise Despite Economic Challenges
Strong Market Performance
US stocks showed strength on Thursday. They are close to hitting another record high.
Main Index Updates
- The S&P 500 reached 6,115.94. It increased by 23.78 points, or 0.39%.
- The Dow Jones Industrial Average climbed 167.74 points. This is a 0.39% rise, bringing it to 43,150.17.
- The Nasdaq Composite went up by 0.38%. It added 75.69 points, reaching 20,049.24 at 7:30 pm IST.
Top Company News
McCormick, a well-known spice company, saw a big jump. Its shares rose by 5.3%. The company reported better-than-expected quarterly profits. It also shared a positive outlook for the full year.
Nvidia, a leading chipmaker, saw its shares rise by 0.5%. It is now the most valuable company in the US stock market.
Micron Technology, a key player in memory and data storage, also did well. Its shares increased by 0.3%. The company beat expectations on profit and revenue. It noted a growing demand for memory, driven by artificial intelligence.
Economic Forecast
The US economy shrank by 0.5% in the first quarter of 2025. Despite this, many economists are hopeful. They predict stronger growth in the months ahead.
World Market Trends
Global stock markets had mixed results:
- Japan’s Nikkei 225 went up by 1.6%.
- South Korea’s Kospi fell by 0.9%.
Latest on Oil Prices
Crude prices bounced back after a big drop earlier in the week. Benchmark US crude rose by 1% to $65.55 a barrel. However, it is still below the levels seen before the Israel-Iran conflict.
