The Nasdaq 100 went nowhere, the S&P 500 eked out a small gain, and the Russell 2000 quietly rallied 1.4% as small-caps caught a bid.
President Donald Trump kept the Iran story front and center, saying that European leaders should stop “interfering with those that are getting rid of the Iran Nuclear threat” and doubling down on the U.S. naval blockade that has left Tehran’s energy exports collapsing. The standoff continued to bite physical oil flows.
The 10-year yield fell 4 basis points to 4.40% after testing nine-month highs at 4.45% in the previous session. The 2-year slipped 7 basis points to 3.90% and the 30-year eased 2 basis points to 4.98%, even as a hot batch of macro data argued the other way:
Q1 GDP came in at a 2% annualized clip below expectations, core PCE prices – the Fed’s favorite inflation gauge – accelerated, and initial jobless claims plunged to their lowest level since 2022.
Thursday’s Performance In Major US Indices
According to the Benzinga Pro platform:
Industrials Charge Higher As AI Capex Panic Hammers Hyperscalers
The Communication Services Select Sector SPDR Fund (NYSE:XLC) was a tug-of-war between Alphabet’s surge and Meta’s plunge.
The Energy Select Sector SPDR Fund (NYSE:XLE) was pressured by the slide in WTI to $104.
The VanEck Semiconductor ETF (NASDAQ:SMH) gave back ground as Nvidia and KLA Corporation weighed, partly offset by Qualcomm’s huge bid.
Teradyne Inc. (NASDAQ:TER) ripped 14.1% as semiconductor capital-equipment names rode the same AI infrastructure tailwind.
Thursday’s Russell 1000 Top Gainers
Thursday’s Russell 1000 Top Losers
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
