economy
Thursday's big stock stories: What’s likely to move the market in the next trading session
A decline in chip stocks dragged down the Nasdaq Composite on Wednesday. The S&P 500 ended the session slightly lower.
TL;DR
- Key economic data to be released includes initial jobless claims, durable goods orders, real gross domestic product, and the personal consumption expenditures price index.
- Earnings reports are expected from Darden Restaurants, McCormick, Winnebago, and BlackBerry, with varying recent stock performance.
- Major banks including Goldman Sachs, Morgan Stanley, Wells Fargo, and JPMorgan are raising dividends after stress test results.
- Chip stocks saw a decline on Wednesday, impacting the Nasdaq Composite.
- Micron Technology beat Wall Street estimates, with its stock rising significantly in extended trading.
- Qualcomm forecasts substantial growth in non-handset revenue, signaling a strategic shift.
- CNBC will provide live coverage of options trading from the Cboe.