23.10.202515:29:11UTC+00S&P and Nasdaq Rebound

The S&P 500 and Nasdaq indices experienced a recovery from an uninspired opening, gaining 0.3% and 0.6% respectively. Meanwhile, the Dow Jones maintained its position near the flatline on Thursday as traders evaluated a fresh wave of corporate earnings and awaited the eagerly anticipated Consumer Price Index (CPI) report scheduled for release tomorrow. Concurrently, energy stocks received a lift from rising oil prices following President Trump's imposition of sanctions on Russia's leading oil producers, Rosneft and Lukoil. Notably, Exxon Mobil rose by 1.1%, Chevron by 1.2%, and Honeywell surged over 7% after exceeding quarterly sales forecasts. Tesla, on the other hand, trimmed some of its earlier losses, remaining down by 1.8% after posting earnings that fell short of expectations, with profits dropping by more than 25% despite record-high vehicle deliveries. IBM also recovered slightly from earlier declines but was still down 2.7% after its results failed to meet investor expectations. Additionally, trade tensions persisted in the spotlight, amid reports suggesting that the White House might consider restricting the export of U.S. software to China.