US Stock Market Today | Dow Jones | Nasdaq Live: US stocks rise after best monthly gains in years; Reddit jumps 12%
US stocks rose on Thursday, with the Nasdaq Composite jumping 1.17% and the S&P 500 adding 0.83%, after Apple's strong earnings lifted sentiment. Spirit Airlines shares plummeted 58.21% after a report that the bankrupt carrier is preparing to cease operations.
US stocks surged on Thursday, with the Nasdaq Composite leading gains at 1.17% to 25,183.75, while the S&P 500 rose 0.83% to 7,268.83. The Dow Jones Industrial Average climbed 0.59% to 49,947.28. Apple's strong earnings boosted market sentiment. Spirit Airlines shares collapsed 58.21% to $0.58 after a Wall Street Journal report that the airline is preparing to cease operations due to failed bailout talks. Other US airline shares rose following the report, with JetBlue surging 8.4%. President Donald Trump announced plans to increase US tariffs on EU cars and trucks to 25% next week, citing EU non-compliance with a trade deal. Brent crude prices were volatile, rising above $110 a barrel due to Strait of Hormuz disruptions before falling on an Iranian proposal for US negotiations.
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