Markets closed mixed on Thursday, with the Dow averting a 10th day of losses.
At 4:01 p.m. ET the $Dow Jones Industrial Average (.DJI.US)$ closed up 0.04% to 42,342, ending its losing streak. The $S&P 500 Index (.SPX.US)$ was of 0.09% and the $Nasdaq Composite Index (.IXIC.US)$ closed 0.10% lower.
$Darden Restaurants (DRI.US)$, the parent company of LongHorn Steakhouse and Olive Garden, jumped 15% to a new all-time high intraday on its fiscal Q2 adjusted earnings and revenue beat. Today’s soar had the stock closing in on its best day since November 2020.
$Lamb Weston (LW.US)$ shares were off 20%, leading the S&P 500's decliners. The company missed fiscal Q2 profit and sales expectations; it also lowered its full-year guidance for both,
$Micron Technology (MU.US)$ shares dropped almost 17%, putting company on track for its worst session since March 2020. The fall comes after the company forecast weak guidance for Q2 with expected revenue of $7.9 billion, plus or minus $200 million, and adjusted earnings per share of $1.43, plus or minus 10 cents. Analysts estimates had revenue at $8.98 billion and $1.91 EPS.
Bitcoin fell below $99,000.
After the bell, $NIKE (NIKE.US)$ and $FedEx (FDX.US)$ report quarterly earnings.
