Stocks Mixed as Earnings Reports Drive Market Movements

NEW YORK — Stocks showed mixed results Thursday as major indexes hovered near all-time highs following two consecutive days of gains. The S&P 500 and Dow Jones Industrial Average rose 0.4% and 0.5%, respectively, while the Nasdaq Composite slipped 0.3%. Investors weighed strong corporate earnings against concerns about economic headwinds, including the impact of U.S. tariffs and interest rate decisions.

The S&P 500 and Dow ended Thursday’s session less than 1% below their all-time closing highs, while the Nasdaq Composite remained slightly more than 2% off its record. Market participants are now focused on the upcoming jobs report, which could influence the Federal Reserve‘s interest rate policy. The yield on 10-year Treasurys rose to 4.44%, reflecting shifting expectations about future rate hikes.

Several companies saw significant stock movements following earnings reports. Eli Lilly shares rose 3% after reporting higher-than-expected adjusted earnings, despite soft revenue figures. Ford shares slid 7% after the automaker issued a disappointing outlook, citing challenges in its electric vehicle division. Qualcomm and Arm Holdings both dropped 4%, despite beating analysts’ estimates.

Other notable movers included Philip Morris International, which surged 11% on strong demand for its smoke-free products, and Peloton, which soared 12% after positive earnings results. Hilton Worldwide shares hit an all-time high, climbing 5% as the company reported robust business travel demand. Meanwhile, Honeywell International dropped more than 5% after announcing plans to split into three independent companies.

Tech giants like Nvidia, Apple, Microsoft, Alphabet, Amazon, and Meta Platforms posted modest gains, while Tesla and Broadcom retreated. Palantir shares surged nearly 10% to a record high after the company announced the integration of Elon Musk‘s Grok chatbot into its Artificial Intelligence Platform. Analysts have raised price targets for Palantir, citing strong growth prospects.

Investors are now awaiting Friday’s jobs report, which will provide critical insights into the labor market and its potential impact on the Federal Reserve’s monetary policy decisions. The market remains cautiously optimistic, with corporate earnings and economic data continuing to drive sentiment.