The S&P 500 Index ($SPX) (SPY) Thursday closed up by +0.75%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.58%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.97%.
Stocks on Thursday recovered from early losses and moved higher the rest of the session, with the S&P 500 and Dow Jones Industrials posting 1-week highs and the Nasdaq 100 posting a 1-1/2 week high. Positive corporate news lifted the overall market Thursday, as Warner Bos Discovery closed up more than +10% after it said its multiyear distribution partnership with Charter Communications was renewed early. Also, Kroger closed up more than +7% after raising guidance on the lower end of its full-year sales forecast. In addition, Nvidia closed up more than +1% after CEO Huang said his company is experiencing strong demand for its latest generation of AI chips, called Blackwell.
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