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Key Takeaways
- Major U.S. equities indexes wavered between gains and losses at midday Thursday as investors digested a flurry of corporate earnings reports.
- Salesforce shares rose after the customer relationship software maker issued a better-than-expected long-term sales outlook.
- Verisk Analytics shares fell after Rothschild Redburn analysts downgraded the stock.
Major U.S. equities indexes wavered between gains and losses at midday Thursday as investors digested a flurry of corporate earnings reports. The Dow Jones Industrial Average and S&P 500 were little changed, while the Nasdaq was slightly higher.
Salesforce (CRM) led Dow gainers after the cloud-based software firm issued a rosy revenue projection.
J.B. Hunt Transport Services (JBHT) was the top-performing stock in the S&P 500 after stronger-than-expected results, with profit easily surpassing analysts’ estimates after successful cost-cutting efforts.
Hewlett Packard Enterprise (HPE) was among the worst-performing stocks in the benchmark index after the company issued fiscal 2026 revenue and profit guidance far below analysts’ expectations.
The Travelers Cos. (TRV) was the biggest decliner in the Dow even though the insurer’s profit and revenue topped expectations.
Verisk Analytics (VRSK) paced Nasdaq decliners after Rothschild Redburn downgraded the stock to “sell” from “neutral” and slashed its price target.
Gold futures rose to a fresh record. Oil futures and the yield on the 10-year Treasury note were little changed. The U.S. dollar lost ground to the euro, pound, and yen. Prices for most major cryptocurrencies were mixed, with Bitcoin trading lower.
