It’s a mixed session on Wall Street, with major indices struggling for direction as investors hold their breath ahead of a key jobs report set for Friday morning.
The S&P 500 and the Nasdaq 100 edged up 0.3%, while the Dow Jones slipped 0.1% and small caps held steady.
Among the leading sectors, financial stocks outperformed after the Fed released the framework for 2025 bank stress test. The big six banks — JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp. (NYSE:BAC), Wells Fargo & Co. (NYSE:WFC), Goldman Sachs Group Inc. (NYSE:GS), Morgan Stanley (NYSE:MS), and Citigroup (NYSE:C) — all climbed more than 1%, with Citigroup surging 2.9%.
Eli Lilly Co. (NYSE:LLY) jumped 3.2% after topping earnings estimates, while Tapestry Inc. (NYSE:TPR) surged 12% and Philip Morris International Inc. (NYSE:PM) skyrocketed nearly 10% on strong revenue figures. In contrast, Qualcomm (NASDAQ:QCOM) slid 4.3% on concerns over slowing smartphone demand.
Shares of Palantir Inc. (NYSE:PLTR) surged 6.5%, extending its weekly gains to 30.8%, the stock’s best weekly rally since early November.
Oil prices had a volatile session. Crude initially dipped …
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