Cisco And IBM Lead The Dow Jones Higher Thursday

U.S. indices were trading higher, rebounding after the recent dip amid capital gains tax hike concerns and as investors await several notable earnings reports next week.

  • The SPDR Dow Jones Industrial Average ETF Trust DIA closed higher by 0.94% at $345.51.
  • The Invesco QQQ Trust Series 1 QQQ closed lower by 0.75% at $331.51.
  • The SPDR S&P 500 ETF Trust SPY finished slightly higher by 0.8% at $419.07.

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

Top leaders for the Dow Jones were in industrials: Cisco Systems Inc CSCO, IBM IBM and Home Depot Inc HD.

Meanwhile, McDonald's Corp MCD, Caterpillar Inc. CAT and Walgreens Boots Alliance Inc WBA fell slightly Thursday.

Elsewhere On The Street

Uber Technologies Inc UBER shares traded lower after the company reported first-quarter revenue that fell short of Wall Street expectations. For the first quarter, Uber reported an adjusted EPS loss of 6 cents, beating consensus analyst estimates… Read More

Citron Research's Andrew Left appeared on Benzinga's YouTube show "PreMarket Prep At The Close" to discuss Jumia Technologies AG JMIA in an exclusive interview… Read More

Despite industry-related input costs and labor headwinds, Darden Restaurants DRI could generate above-consensus earnings in fiscal 2023, driven by Olive Garden sales, according to Cowen… Read More

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