The S&P 500 edged higher on Thursday following comments from Atlanta Federal Reserve President Rafael Bostic.
Treasury yields fell from prior highs after Bostic argued for a quarter-point hike and said he preferred “slow and steady” action from the central bank.
Tesla, Inc. TSLA Shares fell about 5.9% on Thursday following the company’s investor day presentation. Macy’s, Inc. M Shares soared more than 11% after the company reported upbeat Q4 results and issued guidance.
Most sectors on the S&P 500 closed on a positive note, with utilities and information technology stocks posting the biggest gains on Thursday. However, financial and consumer discretionary stocks dragged down the overall market trend, settling lower during the session.
The Nasdaq 100 closed up 0.89% at 12,044.87 on Thursday amid a rally in stocks. Microsoft Corporation msft And Intel Corporation INTC,
The S&P 500 rose 0.76%, while the Dow Jones gained 1.05% to 33,003.57 in the previous session.
The CBOE Volatility Index (VIX) of the Chicago Board Options Exchange fell 4.8% to 19.59 on Thursday.
What is the CBOE Volatility Index?
The CBOE Volatility Index, popularly known as the VIX, is a measure of expected equity market volatility based on S&P 500 Index calls and puts. Option,
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