S&P 500 Gains and Losses Today: Domino's Pizza Stock Melts Down After Sales Miss

Major U.S. equities indexes declined Thursday, pinch geopolitical concerns weighing connected nan markets and tech stocks trading disconnected for a 2nd consecutive session.

Thursday's declines coincided pinch information showing a greater-than-expected summation successful jobless claims, adding to concerns astir nan labour marketplace arsenic nan Federal Reserve intends to optimize nan timing of a imaginable interest-rate cut.

The S&P 500 dropped 0.8%, while nan tech-heavy Nasdaq followed up its worst trading time since 2022 pinch a nonaccomplishment of 0.7%. The Dow fell 533 points, ending nan time 1.3% beneath nan grounds closing precocious posted Wednesday.

Domino’s Pizza (DPZ) shares plunged 13.6%, losing nan astir crushed of immoderate S&P stock, aft nan concatenation restaurant's second-quarter gross fell awkward of forecasts. Domino's scaled backmost its world description plans, informing it would miss its extremity of opening 925 nett caller world stores complete nan afloat year.

Shares of pharma elephantine Eli Lilly (LLY) dropped 6.3% arsenic Swiss competitor Roche (RHHBY) released affirmative early-stage information from a objective proceedings of an experimental oral weight-loss treatment. If approved, Roche's once-daily pill could stiffen nan title successful nan increasing marketplace for anti-obesity medications, challenging offerings from Lilly and Novo Nordisk (NVO). Novo Nordisk's American Depository Receipts (ADRs) fell 4%.

Shares of mining elephantine and awesome copper shaper Freeport-McMoRan (FCX) sank 5.3%. After peaking astatine a grounds precocious successful May, copper prices person trended downward amid request uncertainty, peculiarly successful China.

D.R. Horton (DHI) shares notched Thursday's apical capacity successful nan S&P 500, soaring 10.1% aft nan location builder reported better-than-expected gross and net per stock (EPS) for its fiscal 3rd 4th and announced a $4 cardinal banal buyback. The institution besides lifted its full-year forecast for homes closed, citing beardown lodging request trends. Shares of chap location builders besides moved higher.

Shares of Quanta Services (PWR) jumped 8.1% aft nan power infrastructure patient announced nan acquisition of California-based engineering and building institution Cupertino Electric. According to Quanta, nan operation will boost its opportunities successful nan exertion industry, a marketplace that is poised for maturation fixed nan request for broad powerfulness solutions.

Cintas (CTAS), which supplies uniforms and different business products, topped income and profit estimates for its fiscal 4th quarter. The institution expressed assurance that caller products and exertion will thrust continued maturation and separator description , lifting its full-year outlook. Cintas shares precocious 5.4%.