U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 100 points on Thursday.
The Dow traded up 0.68% to 45,580.42 while the NASDAQ rose 0.65% to 21,637.15. The S&P 500 also rose, gaining, 0.57% to 6,485.13.
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Leading and Lagging Sectors
Consumer discretionary shares jumped by 2% on Thursday.
In trading on Thursday, utilities stocks fell by 0.5%.
Top Headline
Science Applications International (NASDAQ:SAIC) stock fell 6% on Thursday after reporting the second-quarter 2026 earnings.
The company reported a quarterly sales decline of 3% year-on-year to $1.77 billion, missing the analyst consensus estimate of $1.86 billion. The adjusted EPS of $3.63 beat the analyst consensus estimate of $2.24.
Science Applications revised the 2026 revenue outlook to $7.250 billion-$7.325 billion (prior $7.60 billion-$7.75 billion), below the analyst consensus estimate of $7.65 billion. The company revised its annual adjusted EPS outlook to $9.40-$9.60 (prior $9.10-$9.30) above the analyst consensus estimate of $9.17.
Equities Trading UP