Wall Street's major market averages pushed higher on Thursday as traders and investors brushed off ongoing hostilities in the Middle East. The Dow rose 0.2%, the S&P 500 gained 0.6%, and the Nasdaq Composite advanced 0.8%. Six of the 11 S&P sectors were up, led by information technology, while consumer staples was the weakest. The U.S. military launched fresh strikes on Iran hours after President Donald Trump declared the eight-week ceasefire was over, signaling a breakdown in peace efforts. On the economic front, initial jobless claims for the week ended July 4 fell by 2,000 to 215,000, lower than the 219,000 consensus. Treasury yields inched lower across the curve, with the 2-year yield down 4 basis points to 4.17%, the 10-year yield down 3 basis points to 4.54%, and the 30-year yield near flat at 5.07%. Lumentum Holdings shares advanced 12.2%, while PepsiCo fell 3.3%.
Lumentum Holdings IncLumentum shares advanced 12.2% on the day, but the article does not specify a cause; the move is attributed to broader market gains and no company-specific news.
PepsiCo IncPepsiCo fell 3.3% on the day, but the article does not provide a reason for the decline.