Marsh & McLennan, all-time high back to start of trading in 1962.Brown & Brown, highest since April 2022.Arch Capital Group, record high back to start of trading in 2000.Molson Coors, highest since August 2018. PulteGroup, all-time high back to 1972 IPO., all-time back to post-bankruptcy IPO in 1993 Darden, all-time high back to 1995 IPO.One of the 20 (JPM) is also in the Dow Jones Industrial Average. Three of the 20 were homebuilders, and all of them also traded at record highs at one point in Thursday's session. Twenty stocks in the S&P 500 touched 52-week highs on Thursday, and 11 of them also reached all-time highs. "Unfortunately for this crowd, history does not appear to be on their side." "Although the number of bear market prognosticators has certainly thinned out given the market's impressive run, there remains a diehard contingent that have viewed recent trends as nothing more than a bear market rally," BMO Capital Markets' Brian Belski said in a note from the firm. The strength in corporate earnings have created optimism for a soft landing for the economy. Of the S&P 500 companies that have reported earnings thus far, 74% have exceeded expectations, FactSet data shows. Late Wednesday, CEO Elon Musk and other executives said on the company's earnings call that vehicle production would slow during the third quarter due to shutdowns for factory improvements. Expectations were high into the report with the stock up nearly 50% on the year. Shares of Netflix dropped more than 8% after the streaming giant posted revenue that fell short of analysts' estimates. Another Dow name, insurer Travelers, beat analyst estimates for revenue in the quarter, boosting the shares.īut the earnings results were uneven and that dragged down the S&P 500 and Nasdaq. Shares of Dow constituent Johnson & Johnson rose 6% after the drugmaker hiked its full-year guidance along with posting quarterly results that topped Wall Street's estimates. The Dow's climb is the widest outperformance by the blue-chip indicator over the tech-heavy Nasdaq 100 index since February of last year. The Nasdaq Composite fell 2.05% to finish the session at 14,063.31. The 30-stock Dow, which has less dependence on tech stocks, added 163.97 points, or 0.47%, to close at 35,225.18. It was the Dow's best daily winning streak since 2017.īut the broader market suffered after post-earnings declines in trader favorites Netflix and Tesla. The Dow Jones Industrial Average jumped for a ninth consecutive day on Thursday after better-than-expected earnings results from drugmaker Johnson & Johnson. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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