U.S. stocks headed higher Thursday after several American companies reported larger-than-expected profits for the beginning of 2026, according to the Associated Press.
The S&P 500, Dow Jones Industrial Average and Nasdaq rose 0.3%, 0.7% and 0.2%, respectively. The news comes after the S&P and Nasdaq hit record highs on Wednesday.
Brent crude, the international standard, was 19 cents lower at $105.44 per barrel. It was around $70 a barrel before the war in Iran started late February.
Benchmark U.S. crude was down 16 cents to $100.86 per barrel.
In equities trading, Cisco Systems helped lead the market after jumping 16.9%. The tech giant reported better profit and revenue for the latest quarter than analysts expected.
Also rallying due to better-than-expected profit reports were StubHub Holdings, up 15.1%, and Fossil Group, up 9.8%.
