AP Business Writer Alex Veiga
The US inventory index was mostly high in midday trading on Thursday, with Wall Street making quarterly results for several companies, including the Delta Line.
The S&P 500 increased by 0.2%. The benchmark index remains close to the records you set last week after the Jobs report in June, which exceeded expectations.
The Dow Jones industrial average rose 231 points (0.5%) as of 12:30pm east time, with the Nasdaq Composite falling below 0.1% a day since its history climb.
Delta surged 11.4%, following other airlines following its efforts after breaking Wall Street’s revenue and profit targets. The Atlanta airlines also seemed more optimistic about the remaining summer travel season than they did a few months ago.
Delta and other major US airlines have tug and cut forecasts in the spring, citing macroeconomic uncertainty amid the unfolding of President Donald Trump’s tariffs, citing consumers’ fears about travel.
Delta’s encouragement report boosted the airline as a whole. United won 14.5%, Americans won 12.8%, and JetBlue won 9.9%.
Most sectors in the S&P 500 are on the rise, with banks and consumer-focused companies making up for a large profit. JPMorgan rose 1.5% and McDonald’s rose 1.9%.
Technology stock was the biggest drug on the market. Autodesk has dropped by 8.1%.
WK Kellogg’s shares won 30.5% after Italian candy maker Ferrero agreed to acquire the grain company on a deal of about $3.1 billion. The transaction includes the manufacturing, marketing and distribution of WK Kellogg Co.’s US, Canada and the Caribbean breakfast cereal portfolio.
Economic News reported on Thursday that unemployment benefits applications, which represent layoffs, fell last week, and remained historically healthy for the past few years.
It was a choppy week for the stock market as Wall Street monitors the latest developments in President Donald Trump’s new push to use higher tariff threats on goods imported into the US in the hopes of securing new trade agreements with countries around the world.
Wednesday was initially set as a deadline by Trump, a country that either trades with the US or faces a massive increase in tariffs. However, two trade deals have been announced starting in April, one in the UK and the other in Vietnam, so the negotiation window has been extended until August 1st.
Shares of mining company Freeport-McMoran rose 3.3% after Trump said a 50% tariff on copper imports would take effect on August 1. Copper prices rose 2.3% per pound to $5.61.
Wall Street analysts predict that S&P 500 companies will deliver 5% growth in second quarter revenues. This will be the lowest rate since the fourth quarter of 2023.
The Conagra brand fell 2.8% on Thursday as Slim Gym, Swissmith and other food manufacturers reported revenue and revenue that had not reached Wall Street estimates. The company also lowered its revenue outlook, saying it expects ongoing increases in costs due to tariffs.
Helen, the company behind Hydro Flask Water Bottles and Oxo Kitchen Tools, sank 21.6% after its latest quarterly results fell below Wall Street’s forecast. The company said it would not provide a 2026 outlook, citing uncertainty about tariff policies and the economy.
AZZ stock rose 8.3% after the electrical equipment manufacturer’s latest quarterly revenue exceeded analysts’ forecasts.
Next week, the company’s revenue season will be high gear among the major banks of JPMorgan Chase, Wells Fargo and Citigroup to report results on Tuesday.
Bond yields were almost high. The Treasury yield for 2010 was 4.37%, up from 4.34% in the second half of Wednesday.
The European stock index was mixed on Thursday after an uneven finish in the Asian market.
Tokyo’s Nikkei 225 fell 0.4%, overwhelmed by selling exporter’s shares amid appreciation for the yen, which reduced profits from exports and weakened feelings due to lack of progress in trade talks between Japan and the US.
Original issue: July 10th, 2025 9:54am EDT
