S&P 500 Gains and Losses Today: Casino and Healthcare Stocks Diverge Amid Earnings Reports
Las Vegas Sands shares surged after the casino operator outperformed quarterly expectations and announced a dividend hike, fueled by successful investments in Asian markets. Meanwhile, Molina Healthcare stock tumbled as rising medical costs, particularly in government-sponsored plans, weighed on profitability.
Broad market indices advanced, with the S&P 500 climbing 0.6% and the Nasdaq jumping 0.9% as tech stocks rebounded. Energy sector gains followed oil price movements, while investors awaited Friday's key inflation data.
Dow Chemical shares defied earnings miss with a 13% rally after reporting a narrower-than-expected loss, demonstrating market Optimism around cost management.