S&P 500 books back-to-back record closes for first time in 2025
The S&P 500 rose 0.2% for its second consecutive record close, the Nasdaq 100 went nowhere, and the Russell 2000 fell 0.3% on Wednesday.
Healthcare was the best-performing S&P 500 sector ETF, while materials were at the bottom of the leaderboard.
Super Micro Computer had a wild day, rising as much as 19% on heavy volume before paring more than half those gains in the last hour of trading.
Hims & Hers ramped after acquiring at-home lab testing facility Trybe Labs, for which it paid an undisclosed sum. The company said it will use blood to develop an AI-enhanced system for “personalized care.”
Wingstop fell double digits after reporting lower-than-expected quarterly sales, adding that higher costs for bone-in wings dented its financial results.
A brutal quarter for Bumble — which saw its results miss estimates, its outlook also miss estimates, its CEO step down, and an inability to report a net-loss figure because of accounting confusion — saw the stock sink 30%.
Etsy also tumbled after its fourth-quarter revenues came in short of Wall Street’s projections as consumers opt for cheap products over handmade.
Celanese lost one-fifth of its value, hitting its lowest levels since March 2020 after the chemicals company issued a weak outlook and said it sees “persistently weak global demand.”
