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Cisco And IBM Lead The Dow Jones Higher Thursday

May 6, 2021 5:41 pm
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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 (NASDAQ:DIA) closed higher by 0.94% at $345.51.
  • The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) closed lower by 0.75% at $331.51.
  • The SPDR S&P 500 ETF Trust (NASDAQ: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 (NASDAQ:CSCO), IBM (NYSE:IBM) and Home Depot Inc (NYSE:HD).

Meanwhile, McDonald's Corp (NYSE:MCD), Caterpillar Inc. (NYSE:CAT) and Walgreens Boots Alliance Inc (NASDAQ:WBA) fell slightly Thursday.

Elsewhere On The Street

Uber Technologies Inc (NYSE: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 (NYSE:JMIA) in an exclusive interview… Read More

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

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