U.S. stocks rallied further as better-than-expected profits for U.S. companies piled up, though CEOs say they’re unsure whether it will last because of uncertainty created by President Donald Trump’s trade war.
The S&P 500 jumped 2% Thursday for its third straight day of big gains. The Dow Jones Industrial Average added 1.2%, and the Nasdaq composite climbed 2.7%.
ServiceNow surged after the AI platform company delivered a stronger profit for the start of 2025 than expected. Southwest Airlines likewise reported stronger-than-expected results, but it joined a lengthening list of companies that have pulled financial forecasts because of uncertainty around tariffs.
On Thursday:
The S&P 500 rose 108.91 points, or 2%, to 5,484.77.
The Dow Jones Industrial Average rose 486.83 points, or 1.2%, to 40,093.40.
The Nasdaq composite rose 457.99 points, or 2.7%, to 17,166.04.
The Russell 2000 index of smaller companies rose 38.45 points, or 2%, to 1,957.59.
For the week:
The S&P 500 is up 202.07 points, or 3.8%.
The Dow is up 951.17 points, or 2.4%.
The Nasdaq is up 879.59 points, or 5.4%.
The Russell 2000 is up 76.97 points, or 4.1%.
For the year:
The S&P 500 is down 396.86 points, or 6.7%.
The Dow is down 2,450.82 points, or 5.8%.
The Nasdaq is down 2,144.75points, or 11.1%.
The Russell 2000 is down 272.57 points, or 12.2%.
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