Wall St ends higher with Fed and earnings in focus
Nasdaq out front adding 1.5%, S&P, Dow both up ~0.9%
S&P sectors: technology rises most, materials biggest loser
Dollar, gold down; US crude flat; bitcoin up >3%
U.S. 10-year Treasury yield edges down to ~4.58%
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WALL ST ENDS HIGHER WITH FED AND EARNINGS IN FOCUS
The S&P 500 .SPX and the Nasdaq Composite .IXIC closed higher after falling for the last two sessions, while the Dow .DJI clocked its second straight daily gain.
As they digested earnings reports and waited for more earnings and economic data, investors appeared reassured by the Federal Reserve's signal on Wednesday that while it may have to keep rates higher for longer, its to-do list does not currently include a rate hike.
Of course the Fed has long insisted that policy decisions will depend on how the economic data looks, so investors will carefully monitor the April payrolls report due out on Friday morning before the market open.
For April, economists polled by Reuters are expecting non-farm payroll additions of 243,000 compared with 303,000 in March.
Investors are also monitoring earnings season with Apple Inc's AAPL.O report due out after Thursday's close.
Of the S&P 500's 11 major industry indexes, nine advanced on Thursday with information technology .SPLRCT, finishing up 1.64% and leading the gainers while materials .SPLRCM was the biggest decliner, falling 0.5%. The second-biggest gainer was consumer discretionary .SPLRCD, which added 1.58%, while the second-biggest loser was healthcare .SPXHC, which fell 0.1%.
Here is your closing snapshot:
(Sinéad Carew)
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FOR THURSDAY'S EARLIER LIVE MARKETS POSTS:
EARNINGS MAY BE MIXED BUT OVERALL VIEW IS BRIGHTER - CLICK HERE
DON'T PUT ALL YOUR EGGS IN ONE BASKET, EVEN IF IT SCREAMS AI! - CLICK HERE
SO WHAT HAPPENED IN APRIL? - CLICK HERE
THURSDAY DATA: PRELUDE TO PAYROLLS - CLICK HERE
WALL STREET EYES A DOVISH WAIT - CLICK HERE
U.S. INDEX FUTURES CLIMB EARLY AS INVESTORS DIGEST FED - CLICK HERE
A BALANCING ACT TO LURE INFLOWS INTO UK EQUITIES - CLICK HERE
THE UK HAS ITS PREMIUM STOCKS TOO! - CLICK HERE
POST-DATA PRICE ACTION SUGGESTS STAGFLATION FEARS - UBS -CLICK HERE
SCOPE FOR MORE EPS UPGRADES IN EUROPE - BOFA - CLICK HERE
STOXX GOING NOWHERE, "LOW QUALITY BEAT" FOR NOVO - CLICK HERE
EUROPE EYES MUTED START POST-FED - CLICK HERE
INTERVENE, RINSE, REPEAT - CLICK HERE
Wall Street indexes gain, just two S&P 500 industry sectors fall https://tmsnrt.rs/3WpRrSV
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