Major United States benchmark indices finished in a mixed fashion on Thursday (Friday AEDT), with investors monitoring a slew of corporate earnings results ahead of closely watched nonfarm payrolls data on Friday.
During Thursday's regular session, the Dow Jones Industrial Average, fell 125.7 points, or 0.3%, to 44,747.6, the S&P 500 advanced 22.1 points, or 0.4% to 6,083.6, while the Nasdaq Composite climbed 99.7 points, or 0.5% to 19,792.
Semiconductor shares slid, with Qualcomm and Arm dropping 3.7% and 3.3%, respectively.
Ford lost 7.5% after issuing a cautious 2025 outlook.
Honeywell fell 5% after providing earnings guidance below analyst expectations and announcing a three-way split.
Meanwhile, Philip Morris surged 11% to record highs following better-than-expected fourth-quarter earnings.
Investors appear to have moved past tariff concerns following President Trump’s announcement of a 10% levy on Chinese imports, with sentiment improving after he paused duties on Mexican and Canadian goods.
Investors now look towards January’s jobs report, set for release Friday, amid expectations of nonfarm payrolls to grow by 170,000, down from December’s 256,000.
On the bond markets, 10-year and 2-year yields lifted 0.4% and 0.6% to 4.440% and 4.216%, respectively.
