Newscasts - Wall Street stocks close higher, Delta forecast boosts sentiment

Conagra Brands

10/07/2025 23:07

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Source: 'Reuters - Business videos'

Description: Wall Street indexes rose on Thursday, with the S&P 500 and the Nasdaq marking closing record highs, as investors shrugged off President Donald Trump's latest tariff moves, while investors were encouraged by an upbeat forecast from Delta Air Lines. Lisa Bernhard has more.

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Video Transcript:

US stocks rose on Thursday with the Dow gaining more than 0.4%, the S&P 500 adding over 0.25%, and the NASDAQ ticking up marginally. The gains, while moderate, marked fresh record-high closes for the S&P 500 and NASDAQ. NVIDIA's return to its $4 trillion valuation milestone for a second-straight day helped boost the indexes. But the tech heavy NASDAQ's muted move marked a notable turn in sentiment, said Melissa Brown, Managing Director of Investment Decision Research at SimCorp.

We do see today different from what we've seen for a while now, is that there seems to be more of a preference for lower volatility kinds of names as opposed to the really up and comers. That's why NASDAQ is, you know, not up as much as the other indices. So, if that's happening or if that continues, that would really be a big shift from what we've seen basically since April 9.

Among other stocks, shares of Delta Air Lines soared 12% after the carrier forecast third-quarter and full-year profits above Wall Street estimates. That boosted the whole sector with United Airlines and American Airlines also rallying. Shares of WK Kellogg skyrocketed more than 30%, following reports that Italian candymaker Ferrero was nearing a deal to buy the cereal maker. But shares of Conagra Brands sank over 4% after it forecast annual profit below Wall Street expectations, citing higher tariff-related costs for products, including its Hunt's ketchup.