Trading conditions on Thursday were limited, with many investors away for Veteran\u2019s Day. Bond markets have been closed.
The S&P 500 index started the U. S. session above 4660 but has gradually been lower to around the 4650 mark, where it trades with one the day gains of about 0.1%.
The broad stabilization comes following the S&P 500\u2019s worst day in over a month on Wednesday when investors took profit in wake of the highest U. S. Consumer Price Inflation reading since 1990.
The Nasdaq 100 is up by 0.3%, though has also pulled back from prior session highs above 16,100 to current levels just above the 16K level.
The Dow Jones is the underperformer, down 0.4%, dragged lower by a near-7.0% fall in index heavyweight Disney\u2019s share price following a disappointing earnings release.
Tech stocks also got a boost from a strong performance by semiconductor names. The Philadelphia SE Semiconductor index was up 1.7% on Thursday, erasing Wednesday\u2019s post-U. S. inflation data losses, led by a near-3.0% rally in Nvidia\u2019s share price after Susquehanna raised the price target to $360 from $250 (currently traded above $300).<\/p>\n","protected":false},"excerpt":{"rendered":"
Trading conditions on Thursday were limited, with many investors away for Veteran\u2019s Day. Bond markets have been closed. The S&P 500 index started the U. S. session above 4660 but has gradually been lower to around the 4650 mark, where it trades with one the day gains of about 0.1%. The broad stabilization comes following …<\/p>\n","protected":false},"author":13,"featured_media":33381,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,39,36],"tags":[7999,516,7615,7442],"class_list":["post-54667","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-global-stock-markets","category-market-updates","tag-disney","tag-sp-500","tag-semiconductors","tag-us-shares"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=54667"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54667\/revisions"}],"predecessor-version":[{"id":54672,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/54667\/revisions\/54672"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/33381"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=54667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=54667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=54667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}