{"id":2355,"date":"2025-09-04T22:30:07","date_gmt":"2025-09-04T22:30:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/2355\/"},"modified":"2025-09-04T22:30:07","modified_gmt":"2025-09-04T22:30:07","slug":"sp-500-posts-fresh-closing-high-as-cyclicals-shine","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/2355\/","title":{"rendered":"S&#038;P 500 posts fresh closing high as cyclicals shine"},"content":{"rendered":"<p class=\"css-fiuwhu\">The S&amp;P 500 set a new closing high with a 0.8% gain, the Nasdaq 100 rose 0.9%, and the Russell 2000 outperformed with a 1.3% advance.<\/p>\n<p class=\"css-fiuwhu\">Every S&amp;P sector ETF outside of utilities ended positive on the session, with the cyclical sectors of consumer discretionary, industrials, and financials all up in excess of 1%.<\/p>\n<p class=\"css-fiuwhu\">Gains on the day were led by T. Rowe Price and Western Digital, which rose 5.8% and 5.4%, respectively. Centene led declines falling 4.7% after the healthcare company had its price target cut to $33 from $45 by Barclays analysts. Elsewhere&#8230;<\/p>\n<p class=\"css-fiuwhu\">Amazon rallied 4.3% as the tech titan readies itself to take another stab at the enterprise software market with a <a href=\"https:\/\/sherwood.news\/tech\/amazon-is-reportedly-testing-an-enterprise-agentic-ai-tool-called-quick\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">new agentic AI too<\/a>l, according to a report from Business Insider.<\/p>\n<p class=\"css-fiuwhu\">Opendoor Technologies soared 16.3% after the company\u2019s president outlined the <a href=\"https:\/\/sherwood.news\/markets\/opendoor-rallies-after-new-leader-launches-community-hub\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">launch of a community hub<\/a> to \u201cprovide consistent and transparent updates\u201d on the company\u2019s business and source questions from its passionate investor base.<\/p>\n<p class=\"css-fiuwhu\">American Eagle shares leapt 38% after the retailer posted blowout <a href=\"https:\/\/sherwood.news\/markets\/american-eagle-takes-flight-after-crushing-q2-results-and-reinstating-full\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">Q2 earnings results<\/a> and reinstated its full-year guidance.<\/p>\n<p class=\"css-fiuwhu\">Gap popped nearly 6% after the denim giant said it\u2019s <a href=\"https:\/\/sherwood.news\/business\/gap-pops-as-the-denim-giant-takes-a-big-swing-into-beauty-and-accessories\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">stepping into beauty<\/a> and accessories, starting with select Old Navy stores this fall and expanding to Gap-branded locations in 2026.<\/p>\n<p>HP Enterprise rose 1.4% as the market continued to digest the enterprise software company\u2019s <a href=\"https:\/\/sherwood.news\/markets\/hp-enterprise-jumps-after-record-q3-revenue-even-as-caution-creeps-into\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">third-quarter earnings<\/a> beat late Wednesday.<\/p>\n<p class=\"css-fiuwhu\">Meta shares ticked up 1.6% after the social media giant said its Threads app is adding a way for users to post up to <a href=\"https:\/\/sherwood.news\/tech\/threads-goes-to-10-000-characters\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">10,000 characters<\/a>.<\/p>\n<p class=\"css-fiuwhu\">Salesforce shares dropped 4.8% after the CRM software company <a href=\"https:\/\/sherwood.news\/markets\/salesforce-drops-despite-q2-beat-as-guidance-disappoints-ai-investments\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">topped Q2 earnings<\/a> but issued a soft outlook for the current quarter.<\/p>\n<p class=\"css-fiuwhu\">Figma shares sank nearly 20% after the design software company <a href=\"https:\/\/sherwood.news\/markets\/figma-plunges-after-first-earnings-since-ipo-lock-up-expires-some-shareholders\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">reported Q2 results<\/a> and the likely early release of 25% of the eligible securities owned by certain Figma employees and service providers that are currently under lockup.<\/p>\n<p class=\"css-fiuwhu\">JetBlue dipped 6.6% despite the airline saying it now expects operating revenue per available seat mile to fall <a href=\"https:\/\/sherwood.news\/business\/jetblue-boosts-its-third-quarter-revenue-forecast-after-strong-late-summer\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">between 1.5% and 4%<\/a> in Q3, an improvement from its previous forecast for a 2% to 6% drop.<\/p>\n<p class=\"css-fiuwhu\">Texas Instruments fell 4.3% after its chief financial officer <a href=\"https:\/\/sherwood.news\/markets\/texas-instruments-tumbles-after-cfo-affirms-loss-of-sales-momentum-after-a\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">reiterated that strength<\/a> in the chipmaker\u2019s sales through April included a rush to beat potential tariffs and that momentum has slowed since then.<\/p>\n<p class=\"css-fiuwhu\">Rivian shares sank 5.1% after the EV maker confirmed it\u2019s <a href=\"https:\/\/sherwood.news\/markets\/rivian-lays-off-workers-as-it-readies-its-cheaper-suv-and-braces-for-the-end\/\" target=\"_blank\" class=\"css-uubm0\" rel=\"noopener nofollow\">laying off workers<\/a> on its commercial team, with the cuts amounting to less than 1.5% of its workforce.<\/p>\n","protected":false},"excerpt":{"rendered":"The S&amp;P 500 set a new closing high with a 0.8% gain, the Nasdaq 100 rose 0.9%, and&hellip;\n","protected":false},"author":2,"featured_media":2356,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[138,220,111,139,69],"class_list":{"0":"post-2355","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-new-zealand","11":"tag-newzealand","12":"tag-nz"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/2355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=2355"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/2355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/2356"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=2355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=2355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=2355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}