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Equities Higher as Traders Parse Earnings, Macro Data
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Equities Higher as Traders Parse Earnings, Macro Data
Feb 13, 2025 1:25 PM

03:50 PM EST, 02/13/2025 (MT Newswires) -- US benchmark equity indexes were higher ahead of Thursday's close as markets analyzed the latest batch of corporate earnings and economic data.

The Nasdaq Composite was up 1.3% at 19,910.9, while the S&P 500 rose 1% to 6,109.8. The Dow Jones Industrial Average advanced 0.8% to 44,732.9. All sectors were higher, led by materials and technology.

Shares of MGM Resorts International ( MGM ) and AppLovin ( APP ) jumped following their latest quarterly financial results, while West Pharmaceutical Services ( WST ) and Trade Desk ( TTD ) saw steep declines.

Applied Materials ( AMAT ) , Palo Alto Networks ( PANW ) and Airbnb ( ABNB ) are among the companies scheduled to report results after the closing bell.

The US 10-year yield was down 10.3 basis points at 4.53%, while the two-year rate lost 5.4 basis points to 4.31%.

US producer price growth rose more than the Street's expectations last month as wholesale costs of goods increased amid a jump in diesel fuel, the Bureau of Labor Statistics reported.

West Texas Intermediate crude oil was less than 0.1% higher at $71.43 a barrel.

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