From Nasdaq: 2024-05-02 18:07:33

US stock indexes closed higher with the S&P 500 up +0.91%, Dow Jones up +0.85%, Nasdaq up +1.29%. Qualcomm’s strong Q2 results led chip stocks higher. Earnings results from Paycom, Etsy, and Qorvo disappointed while Howmet Aerospace and CH Robinson Worldwide reported better-than-expected Q1 revenue. Fed Chair Powell’s comments on interest rates also influenced market sentiment. Overseas markets closed lower, but US Treasury yields rose. Stock movers included Moderna, Qualcomm, and BorgWarner. Earnings reports are expected from companies like CBOE Global Markets, Equinix, and Hershey.



Read more at Nasdaq: Strength in Chips Stocks Leads the Overall Market Higher