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The S&P 500 and the Nasdaq rose to record highs on Thursday as the Federal Reserve sought to achieve inflation averaging 2% over time in an attempt to lift the U.S. economy out of a deep pandemic-driven recession. .N
At 11:30 a.m. ET, the Dow Jones Industrial Average .DJI was up 0.73% at 28,537.88. The S&P 500 .SPX was up 0.39% at 3,492.36 and the Nasdaq Composite .IXIC was up 0.25% at 11,693.694. The top three S&P 500 .PG.INX percentage gainers: ** Live Nation Entertainment Inc
BUZZ-Rallies on FDA approval for acne treatment ** Box Inc BOX.N: up 7.1%
BUZZ-Rises after co raises annual revenue forecast ** Abbott Laboratories ABT.N: up 6.8%
BUZZ-Abbott shares hit record high on U.S. authorization for COVID-19 test ** Tencent Music Entertainment TME.N: down 0.2%
BUZZ-Falls on $800 mln notes offering ** Coty Inc COTY.N: down 5.6%
BUZZ-Falls after Q4 results disappoint ** Sandridge Permian Trust PER.N: up 54.7%
BUZZ-Surges as PEDEVCO shows takeover interest ** Pluristem Therapeutics Inc PSTI.O: up 4.8%
BUZZ-Rises as FDA clears expanded access program for its COVID-19 therapy ** RedHill Biopharma Ltd RDHL.O: up 3.5%
BUZZ-Rises after safety panel allows COVID-19 treatment study to continue ** Tiffany & Co TIF.N: up 2.2%
BUZZ-Shares rise on profit beat, upbeat demand outlook ** ReneSola Ltd SOL.N: up 4.9%
BUZZ-Surges after Q2 revenue nearly doubles ** Moxian Inc MOXC.O: up 8.6%
BUZZ-Jumps after Btab acquisition ** Boeing Co BA.N: up 2.3%
BUZZ-Rises as Europe regulator to start 737 MAX tests in September ** ViacomCBS VIAC.O: up 0.8%
BUZZ-Wells Fargo upgrades to 'Equal Weight' on DTC potential ** Abercrombie & Fitch ANF.N: up 17.2%
BUZZ-Jumps as online boost, cost cuts drive surprise profit ** VBI Vaccines VBIV.O: up 44.2%
BUZZ-Up as Raymond James says co might have "best COVID-19 vaccine" ** Veoneer Inc VNE.N: up 16.3%
BUZZ-Surges on autonomous driving tie-up with Qualcomm ** Laboratory Corporation of America Holdings LH.N: down 2.1% ** Quidel Corp QDEL.O: down 35.4%
BUZZ-Labs pressured as Abbott to market $5 rapid COVID-19 test ** Sanderson Farms Inc SAFM.O: up 6.4%
BUZZ-Rises as retail demand spurs solid Q3 beat ** 1-800-Flowers.Com FLWS.O: up 3.5%
BUZZ-Rises on Q4 earnings beat ** Microsoft Corp MSFT.O: up 3.5%
BUZZ-Rises as report suggests TikTok deal imminent ** Beyond Meat Inc BYND.O: up 10.0%
BUZZ-Sizzles after starting direct online sales of products ** Peloton Interactive Inc PTON.O: up 4.2%
BUZZ-Rises as Goldman Sachs hikes PT to Street high ** Electronic Arts Inc EA.O: down 1.1%
BUZZ-EA down as rival Epic Games launches latest version of "Fortnite"
The 11 major S&P 500 sectors:
Communication Services
.SPLRCL
down 0.57%
Consumer Discretionary
.SPLRCD
flat
Consumer Staples
.SPLRCS
up 0.64%
Energy
.SPNY
down 0.20%
Financial
.SPSY
up 1.62%
Health
.SPXHC
up 0.60%
Industrial
.SPLRCI
up 0.28%
Information Technology
.SPLRCT
up 0.49%
Materials
.SPLRCM
down 0.38%
Real Estate
.SPLRCR
up 1.12%
Utilities
.SPLRCU
down 0.05%
(Compiled by Shivani Kumaresan in Bengaluru)
((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.