U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 150 points on Thursday.
The Dow traded up 1.32% to 46,089.25 while the NASDAQ rose 0.72% to 22,044.49. The S&P 500 also rose, gaining, 0.80% to 6,584.57.
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Leading and Lagging Sectors
Consumer discretionary shares jumped by 1.6% on Thursday.
In trading on Thursday, communication services stocks fell by 0.2%.
Top Headline
Kroger Company (NYSE:KR) reported better-than-expected second-quarter earnings on Thursday.
The company reported second-quarter adjusted earnings per share of $1.04, beating the analyst consensus estimate of 99 cents. Quarterly sales of $33.94 billion, marginally missing the consensus view of $34.102 billion.
Kroger lifted its FY25 adjusted EPS outlook to $4.70–$4.80, up from $4.60–$4.80, compared with the $4.77 analyst consensus. Adjusted identical sales without fuel is expected to rise in the range of 2.7%-3.4% (prior …