Skip to main content

Market Overview

Markets Surge Despite Drop In US GDP

Markets Surge Despite Drop In US GDP

U.S. indices traded higher Thursday despite a drop in U.S. GDP. Strength in stocks is possibly due to better-than-expected quarterly earnings from multiple companies as well as a rebound following a selloff earlier in the week.

U.S. GDP unexpectedly declined 1.4% in the first quarter, falling well short of consensus economist estimates of 1% growth… Read More

  • The Nasdaq composite finished higher by 3.06% to 12,871; The Invesco QQQ Trust Series 1 (NASDAQ: QQQ) gained 3.55% to $328.01
  • The S&P 500 traded higher by 2.48% to 4,287; The SPDR S&P 500 ETF Trust (NASDAQ: SPY) gained 2.52% to $427.77
  • The Dow Jones composite finished higher by 1.99% to 11,628; The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ: DIA) finished higher by 1.89% at $339.31

Here are the day's winners and losers from the Dow Jones, according to data from Benzinga Pro.

Salesforce Inc (NYSE: CRM), Merck & Co., Inc. (NYSE: MRK) and Nike Inc (NYSE: NKE) were among the top gainers for the DIA.

Amgen, Inc. (NASDAQ: AMGN), Caterpillar Inc. (NYSE: CAT) and Boeing Co (NYSE: BA)were among the top losers for the Dow Jones.

Elsewhere On The Street

A brutal 12 months for Teladoc Health Inc (NASDAQ: TDOC) went from bad to much worse on Thursday when the stock dropped another 43% after the company reported much larger-than-expected losses in the first quarter and slashed its 2022 guidance… Read More

Mortgage rates remained on the high side this week while pending home sales continued to decline and mortgage delinquency rates also recorded downward motion… Read More

A proposed bill will allow cannabis growers in California to sell their cannabis products at licensed events, such as farmer markets… Read More


Related Articles (AMGN + BA)

View Comments and Join the Discussion!

Posted-In: News After-Hours Center Markets Movers Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at