The Nasdaq 100 slipped while the Dow Jones rallied more than 800 points on defensive and financial leadership, leaving the S&P 500 slightly above the flatline by midday.
On the Middle East front, hopes that an Israel-Lebanon ceasefire could clear the path to a broader Iran deal pulled crude lower. West Texas Intermediate crude fell about 3.3% to roughly $92.87 a barrel, while Brent slid 2.8% to near $95.06. The retreat in energy prices offered relief to Treasuries even as traders kept one eye on Friday’s May payrolls report.
The S&P 500 added 0.2% to 7,568.56, while the Dow Jones Industrial Average advanced 863 points, or 1.7%, to 51,550.63.
The Nasdaq 100 fell 0.7% to 30,355.45, weighed down by the chip complex.
Broadcom Inc. cratered nearly 15% despite topping estimates with adjusted earnings of $2.44 per share, as its AI-chip revenue outlook fell short of the market’s lofty expectations.
Gold drew safe-haven and weaker-dollar support, rising 1.0% to about $4,477 an ounce.
Bitcoin (CRYPTO: BTC) fell for the fifth straight session, down by 0.6%. The biggest cryptocurrency hit an intraday low at $61,310, marking the lowest levels since February 6, 2026.
Thursday’s Performance In Major US Indices
Index
Last
% Change
MTD
YTD
S&P 500
7,568.56
+0.2%
-0.1%
+10.7%
Dow Jones
51,550.63
+1.7%
+0.9%
+7.3%
Nasdaq 100
30,355.45
-0.7%
-1.0%
+15.0%
Russell 2000
2,925.95
+1.1%
+0.8%
+3.8%
Updated by 12:10 PM ET
According to the Benzinga Pro platform:
The Vanguard S&P 500 ETF (NYSE:VOO) edged up 0.2%.
The SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA) rose 1.7%.
The Invesco QQQ Trust (NASDAQ:QQQ) slid 0.7%.
The iShares ...
