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The S&P 500 moved higher on Thursday after the major averages posted back-to-back winning sessions, as investors weighed the latest batch of corporate earnings.
The Dow Jones Industrials lost 74.67 points to 44,798.65.
The much-broader index took on 14.26 points to 6,075.74
The tech-heavy NASDAQ acquired 38.43 points to 19,730.76
Semiconductor names slid, with Qualcomm and Arm declining 5% and 7%, respectively. Skyworks Solutions lost 25% after reporting their latest quarterly results. Ford Motor also fell 4% after the automaker forecast a difficult 2025.
Honeywell shares were also down 4%, dragging the Dow lower, after the company issued full-year earnings guidance that fell short of what analysts anticipated. The company also announced it would split into three companies.
By contrast, Philip Morris shares surged 8% on the heels of the international tobacco company reporting better-than-expected earnings and revenue for the fourth quarter. The gain put the stock on track for a record high close.
Prices for the 10-year Treasury eased a bit, raising yields to 4.45% from Wednesday’s 4.42%. Treasury prices and yields move in opposite directions.
Oil prices poked ahead 12 cents to $71.20 U.S. a barrel.
Prices for gold fell $15.50 an ounce to $2,877.50 U.S.
