Stocks were slow-moving on Thursday, but major indexes showed some mild interest in afternoon trading ahead of the Good Friday holiday. Home Depot and Apple weighed down the Dow Jones Industrial Average, while Chemours saw a decline in the stock market today.
The Dow managed to gain 0.3%, while the Nasdaq saw a slight increase. The S&P 500 also gained 0.3% after reaching a record closing high on Wednesday. The Russell 2000 small caps index led the way with a 0.5% climb.
Trading volume fell on the New York Stock Exchange but rose on the Nasdaq compared to the same time the day before. Investors were looking forward to a long weekend with the stock market closed on Good Friday.
Chemours saw a 9% decline in recent trades, following larger losses earlier. Home Depot slid 0.5% after announcing its acquisition of SRS Distribution for $18.25 billion. Apple dipped nearly 1% after a downgrade by DZ Bank. Palantir Technologies stock tumbled more than 5% after a sell recommendation from Monness, Crespi, Hardt.
RH stock surged over 18%, while other stocks like MillerKnoll and Braze saw declines. Carnival tested its 21-day line after reporting lower-than-expected sales.
Estee Lauder saw a 6% increase after an upgrade from Bank of America Securities. Tesla trimmed 2% and Nvidia added 0.4%.
Overall, the stock market showed mixed results on Thursday ahead of the holiday weekend.
