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US Stocks Rise on Earnings Momentum; Investors Await CPI Data
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Dow, S&P 500, and Nasdaq advanced on upbeat corporate earnings.
US equities traded higher on Thursday as corporate earnings continued to impress investors. The Dow added 0.02%, S&P 500 climbed 0.29%, and Nasdaq gained 0.49%. Strong results from Dow Chemical, 3M, and Las Vegas Sands offset weakness in IBM, whose shares dropped 3% after cloud revenue missed forecasts. Market participants remain focused on the upcoming CPI inflation report following a three-week data gap, with expectations that cooling prices could reinforce speculation of a rate pause by the Federal Reserve.