Equity Markets Higher as Jobless Claims Decline, Fed Official Comments

03:37 PM EDT, 07/10/2025 (MT Newswires) -- US benchmark equity indexes are on track to close higher on Thursday after US jobless claims declined against expectations and comments from a Federal Reserve official on tariffs.

The Dow Jones Industrial Average was up 0.5% at 44,691.06, while the Nasdaq Composite increased 0.2% to 20,643.12. The S&P gained 0.3% to 6,283.33. Among sectors, consumer discretionary led the gainers while communication services had the steepest decline.

United Airlines (UAL), Delta Air Lines (DAL) and Southwest Airlines (LUV) led the top performers on S&P 500 with shares up 15%, 12% and 7.5%, respectively. Delta logged better-than-expected second-quarter results as demand trends stabilized, while the air carrier restored its earnings guidance for the full year.

Teradyne (TER) shares were up 6.5%. The company's Universal Robots unit is supplying robotic arms for Amazon's (AMZN) new warehouse robot, Vulcan, Hunterbrook Media reported Thursday, citing photos and videos from Amazon (AMZN) and CNBC.

Autodesk (ADSK) shares fell 6.2%. The company is mulling a potential acquisition of engineering-software provider PTC (PTC), Bloomberg News reported, citing unnamed sources. PTC shares were down 6.5%.

The 10-year US Treasury yield was up 0.6 basis points to 4.35%, while the two-year rate increased 2.9 basis points to 3.88%.

August West Texas Intermediate crude oil decreased 2.2% to $66.90 a barrel.

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