Here are the most important news items that investors need to start their trading day:
1. Back to record territory
The S&P 500 and the Nasdaq Composite jumped Thursday, led by a surge in tech stocks. The S&P 500 increased 0.74%, while the Nasdaq gained 1.68% to end the day at a new high. The Dow Jones Industrial Average was the outlier, underperforming and slipping 2.43 points, or just 0.01%. Members of the “Magnificent Seven” excelled, as Nvidia jumped 4.1%, Amazon added about 1.7% and hit an all-time high, while Alphabet rose more than 2% and Apple popped 4.3%. Investors also got some relief as the producer price index reading for March came in below estimates. Follow live market updates.
2. Bank earnings
3. Sweeping decisions
Amazon CEO Andy Jassy on Thursday criticized regulators blocking mergers after they stepped in to express concerns about the company’s planned acquisition of robotic vacuum maker iRobot. That deal fell …