Major U.S. equities indexes climbed Thursday afternoon ahead of the Thanksgiving holiday amid renewed optimism about a Federal Reserve rate cut next month. The Dow, S&P 500, and Nasdaq all rose close to 1%.
Robinhood Markets (HOOD) shares soared nearly 10% to lead gains on the S&P 500 as the online trading site moved to expand its presence in prediction markets by purchasing LedgerX in partnership with Susquehanna International Group.
Dell Technologies (DELL) shares popped close to 7% after the PC maker hiked its outlook and said demand for its artificial intelligence products is soaring.
Shares of Petco Health and Wellness (WOOF) jumped 18% as the pet products retailer reported a surprise profit and raised its outlook, citing its transformation efforts.
Workday (WDAY) was the worst-performing stock in the S&P 500, with shares down 9% amid concerns about subscription revenue at the provider of human resources software.
Shares of Deere & Company (DE) tumbled 5% after the manufacturer of large farm and construction equipment gave a weak forecast and warned of difficult market conditions.
HP (HPQ) shares sank 2% as the PC maker announced a cost-cutting plan that includes layoffs and gave a weak outlook as it faced higher costs from U.S. tariffs.
Crude oil futures slid, and gold prices climbed. The yield on the 10-year Treasury note was little changed. The U.S. dollar was higher versus the yen, but lost ground to the euro and pound. Trading in most major cryptocurrencies was mixed.
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