On Thursday, the Dow Jones Industrial Average (DJI) fell 0.06% as losses in Cisco Systems Inc (CSCO) weighed on the index. Walmart Inc (WMT) rose 2.8% after the retailer raised its annual sales and profit targets. Netflix Inc (NFLX) rose 4.5% after saying its recently launched ad-supported tier reached nearly 5 million active users per month. Take-Two Interactive Software Inc (TTWO) jumped 11.7% as it beat estimates for quarterly adjusted sales.
Wall Street’s main indexes ended the previous session higher after President Joe Biden and top U.S. congressional Republican Kevin McCarthy reiterated their aim to strike a deal soon to raise the $31.4 trillion federal debt ceiling and agreed to talk as soon as Sunday. Data showed the number of Americans filing new claims for jobless benefits fell more than expected last week, suggesting the labor market remains tight.
Chipmaker Micron Technology Inc (MU)’s shares gained 3% as it plans to invest up to 500 billion yen ($3.70 billion) in Japan for new chips over the next few years. Bath & Body Works Inc (BBW) gained 8.7% after the beauty and skincare firm raised its annual profit forecast. Declining issues outnumbered advancers for a 2.30-to-1 ratio on the NYSE and for a 1.47-to-1 ratio on the Nasdaq. The S&P index recorded 12 new 52-week highs and no new low, while the Nasdaq recorded 34 new highs and 16 new lows.