The S&P 500 made a muted move on Thursday, pausing after reaching an all-time high the day before. The market awaited the release of a crucial US economic report.
The benchmark index edged down 0.04%, while the Dow Jones Industrial Average rose 52 points. The Nasdaq Composite slipped 0.1% lower.
Lululemon Athletica, a sportswear company, saw its shares jump 3% after reporting strong quarterly earnings that exceeded expectations.
Conversely, Five Below, a discount retailer, fell 11% after its latest results and guidance fell short of investors’ expectations. Nvidia, a leading chipmaker, traded modestly lower and retreated from its record highs seen earlier in the week.
Source (CNBC)
