NEW YORK (AP) — Wall Street drifted through mixed trading Thursday. Ford Motor and Qualcomm.
The S&P 500 rose 0.4% after healthy profits in the stock markets in Europe and most Asia. Dow Jones Industrial Average soaked 125 points (0.3%), while Nasdaq composite increased by 0.5%.
Tapestry, the company behind the Coach and Kate Spade brand, led the market, gaining 12%. After attracting new young customers, analysts reported stronger profits than expected analysts. Tapestry We also raised our forecasts for revenue and profit growth this fiscal year.
Philip Morris International sells Marlboro tobacco and smokeless tobacco products worldwide, and is one of the strongest forces pushing the S&P 500 upwards, with 10.9% after reporting better profit than expected I gathered. It also gave financial forecasts that exceeded expectations, with analysts pointing out the strength of the Zyn nicotine pouch in particular.
They helped offset the 7.5% drop in Ford Motor. This has fallen despite the carmakers bringing stronger profits and revenues than analysts expected. Investors instead focus on Ford's financial forecasts for 2025, saying the company incorporates “headwinds associated with market factors.”
The company gave, for example, the forecast range for the amount of cash this year that fell below analysts' expectations.
Qualcomm has curtailed the index after a 3.7% drop. The company, whose products support power smartphones and other devices, reported the latest quarter profits that surpassed analysts' forecasts, and analysts were called Performance Solids. However, they also said that expectations are high and that they are widely concerned about the wireless chip industry.
In the bond market, the Treasury yields remained relatively stable after the report said More US workers have applied for unemployment benefits Last week, numbers remained lower than expected compared to history. A more comprehensive report arrived on Friday, showing how many jobs the employer added during January.
Hope shows Friday's data shows a job market that is solid enough to sustain concerns about a recession that came in, but not strong enough to push inflation upwards. The US economy remains far more solid than critics fear, but pressure is rising due to the threat of possibility Tariffs from President Donald Trump.
rear The shaking financial market Earlier this week around the world It could punish the world trade war It softened a bit after Trump gave it 30-day rep hearing for customs duties in both Mexico and Canada.
