US close: Dow Jones delivers fifth-straight daily gain

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Sharecast News | 08 May, 2024

Updated : 04:54

Major indices turned in a mixed performance on Tuesday as the blue-chip Dow Jones registered its fifth positive session in a row.

At the close, the Dow Jones Industrial Average was up 0.08% at 38,884.26 and the S&P 500 saw out the session 0.13% firmer at 5,187.70, while the Nasdaq Composite lost 0.10% to 16,332.56.

The Dow closed 31.99 points higher on Tuesday, extending gains recorded in the previous session as sentiment continued to get a boost from last week's nonfarm payrolls data thanks to the combination of higher unemployment and weaker-than-expected payrolls and average earnings figures.

There was little in the way of market-moving news on Tuesday, with the yield on the 10-year Treasury dropping roughly three basis points to 4.45% being one of the day's main events.

In the corporate space, media giant Disney posted better-than-expected quarterly numbers, revealing that its streaming business had nearly broken even during Q1, while Palantir shares were down double-digits on weaker-than-expected guidance, and Peloton stock rallied on news that private equity firms were mulling a buyout of the fitness company.

On the macro front, Federal Reserve Bank of Minneapolis head Neel Kashkari said that he believes interest rates will need to be maintained at current levels for an "extended period" and fell short of ruling out further rate hikes if inflation stalls near the 3% mark. "I think it’s much more likely we would just sit here for longer than we expect or the public expects right now until we see what effect our monetary policy is having," Kashkari said.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Merck & Co. Inc. (MRK) $130.39 2.20%
Dow Chemical Co. (DOW) $58.36 1.78%
Visa Inc. (V) $276.55 1.39%
Unitedhealth Group Inc. (UNH) $501.09 1.33%
Walmart Inc. (WMT) $60.62 1.25%
Caterpillar Inc. (CAT) $345.00 0.85%
Procter & Gamble Co. (PG) $165.77 0.80%
Salesforce.Com Inc. (CRM) $277.18 0.56%
Walgreens Boots Alliance, Inc. (WBA) $17.35 0.52%
Travelers Company Inc. (TRV) $217.00 0.49%

Dow Jones - Fallers

Walt Disney Co. (DIS) $105.39 -9.51%
3M Co. (MMM) $95.54 -1.09%
Microsoft Corp. (MSFT) $409.34 -1.02%
Intel Corp. (INTC) $30.68 -0.94%
Boeing Co. (BA) $176.71 -0.92%
McDonald's Corp. (MCD) $267.50 -0.67%
Home Depot Inc. (HD) $340.69 -0.47%
International Business Machines Corporation (CDI) (IBM) $168.38 -0.14%
JP Morgan Chase & Co. (JPM) $191.76 -0.13%
Verizon Communications Inc. (VZ) $39.31 -0.05%

S&P 500 - Risers

FMC Corp. (FMC) $66.75 9.46%
International Flavors & Fragrances Inc. (IFF) $94.33 6.40%
Fidelity National Information Services Inc. (FIS) $74.31 5.48%
Globe Life Inc. (GL) $85.16 5.34%
International Paper Co. (IP) $38.84 5.20%
Henry Schein Inc. (HSIC) $71.21 3.90%
Macerich Co (MAC) $15.24 3.88%
ProLogis (PLD) $107.76 2.95%
Mosaic Company (MOS) $29.88 2.89%
Dollar General Corp (DG) $139.90 2.76%

S&P 500 - Fallers

Perrigo Company plc (PRGO) $30.14 -9.81%
Walt Disney Co. (DIS) $105.39 -9.51%
Nektar Therapeutics (NKTR) $1.50 -9.09%
Vornado Realty Trust (VNO) $24.21 -9.09%
NRG Energy Inc. (NRG) $73.36 -5.76%
Illumina Inc. (ILMN) $112.82 -5.18%
Jacobs Solutions Inc. (J) $141.89 -4.99%
Norwegian Cruise Line Holdings Ltd (NCLH) $15.60 -3.70%
Leggett & Platt Inc. (LEG) $13.17 -3.52%
Coty Inc. Class A (COTY) $11.10 -3.48%

Nasdaq 100 - Risers

Henry Schein Inc. (HSIC) $71.21 3.90%
Verisk Analytics Inc. (VRSK) $247.00 2.13%
Mercadolibre Inc. (MELI) $1,688.69 2.11%
Costco Wholesale Corp. (COST) $771.31 1.96%
Vertex Pharmaceuticals Inc. (VRTX) $410.24 1.92%
Alphabet Inc. Class A (GOOGL) $171.25 1.87%
Cognizant Technology Solutions Corp. (CTSH) $67.66 1.87%
Alphabet Inc. Class C (GOOG) $172.98 1.85%
Fiserv Inc. (FI) $153.04 1.63%
Netflix Inc. (NFLX) $606.00 1.51%

Nasdaq 100 - Fallers

Illumina Inc. (ILMN) $112.82 -5.18%
Qurate Retail Inc. (QRTEA) $0.91 -5.14%
NetEase Inc. Ads (NTES) $96.93 -4.84%
Tesla Inc (TSLA) $177.81 -3.76%
American Airlines Group (AAL) $14.25 -2.73%
Expedia Group Inc. (EXPE) $112.91 -2.68%
Baidu Inc. (BIDU) $110.53 -2.47%
Trip.com Group Limited (TCOM) $52.70 -2.17%
Microchip Technology Inc. (MCHP) $92.06 -1.81%
JD.com, Inc. (JD) $32.13 -1.77%

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