Stocks mostly higher as investors remain confident with positive trade news and economic data

From Nasdaq: 2025-05-16 09:23:00

U.S. stocks closed mostly higher on Thursday with the Dow Jones Industrial Average rising 0.7% and the S&P 500 adding 0.4%. The Nasdaq fell 0.2%. Utilities, consumer discretionary, and real estate stocks were the biggest gainers. Investors remained confident due to positive trade news and economic data. Treasury yields dropped after the PPI report, with the 10-year yield falling to 4.44%. Jobless claims remained unchanged at 229,000. Industrial production stabilized with flat growth. Capacity utilization fell to 77.7% in April.

Investors continue to be optimistic about trade deals, boosting market sentiment. Tech stocks like Tesla and NVIDIA have performed well this week, with shares up more than 15%. Retail sales rose 0.1% in April, while PPI fell 0.5% sequentially. Walmart beat earnings but plans to raise prices due to tariffs. Continuing claims increased to 1,881,000. Industrial production remained flat. Zacks has named a top semiconductor stock with strong growth potential in emerging tech markets.



Read more at Nasdaq: Stock Market News for May 16, 2025