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Wall Street closed mixed on Thursday as investors evaluated jobless claims data alongside strong third-quarter 2025 earnings. The Nasdaq Composite and the S&P 500 ended in positive territory, while the Dow ended in negative territory.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) fell 0.07%, or 31.96 points, to close at 47,850.94. Sixteen components of the 30-stock index ended in negative territory, and 14 ended in the positive.
The tech-heavy Nasdaq Composite advanced 0.2% or 51.04 points, to close at 23,505.14.
The S&P 500 gained 0.1% to end at 6,857.12. Out of the 11 broad sectors of the broad-market index, five ended in positive territory, while six were in negative territory. The Industrials Select Sector SPDR (XLI), the Technology Select Sector SPDR (XLK) and the Communication Services Select Sector SPDR (XLC) rose 0.5%, 0.4% and 0.4%, respectively, while the Health Care Select Sector SPDR (XLV) fell 0.7%.
The fear gauge, the CBOE Volatility Index (VIX), decreased by 1.9% to 15.78. A total of 15.13 billion shares were traded on Thursday, lower than the last 20-session average of 17.98 billion. The S&P 500 posted 31 new 52-week highs and five new lows, and the Nasdaq Composite recorded 114 new highs and 52 new lows.
Jobless Claims Hit Low
The Labor Department said on Thursday that initial jobless claims fell to 191,000, decreasing 27,000 for the week ending Nov. 29.This is the lowest level for initial claims since Sept. 24, 2022. The previous week's level was revised up by 2,000 to 218,000. The four-week moving average decreased to 214,750, marking a fall of 9,500 from the previous week. The prior week's average was revised up by 500 to 224,250.
Continuing claims came in at 1,939,000 for the week ending Nov. 22, decreasing 4,000 from the previous week’s revised level. The prior week's numbers were revised down by 17,000 from 1,960,000 to 1,943,000. The four-week moving average was 1,945,250, a decrease of 6,250 from the previous week's revised average. Last week's average was revised down by 4,250 from 1,955,750 to 1,951,500.
Today, the University of Michigan will also release its consumer survey for December, as well as delayed data on consumer spending, income and the personal consumption expenditures index. Market participants widely anticipate a rate cut at Wednesday’s Fed meeting, with the CME FedWatch Tool assigning an 89.2% chance of a December reduction.
Strong Q3 Earnings
UiPath Inc. (PATH - Free Report) reported third-quarter 2025 adjusted earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.14 per share. The Software company generated total revenues of $411.11 million, outpacing the Zacks Consensus Estimate by 4.71%.
Salesforce, Inc. (CRM - Free Report) reported third-quarter 2025 adjusted earnings of $3.25 per share, beating the Zacks Consensus Estimate of $2.85 per share. The Software company generated total revenues of $10.26 billion, missing the Zacks Consensus Estimate by 0.05%.
Five Below, Inc. (FIVE - Free Report) reported third-quarter 2025 adjusted earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.22 per share. The specialty retailer generated total revenues of $1.04 billion, beating the Zacks Consensus Estimate by 7.05%.
Image: Bigstock
Stock Market News for Dec 5, 2025
Wall Street closed mixed on Thursday as investors evaluated jobless claims data alongside strong third-quarter 2025 earnings. The Nasdaq Composite and the S&P 500 ended in positive territory, while the Dow ended in negative territory.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) fell 0.07%, or 31.96 points, to close at 47,850.94. Sixteen components of the 30-stock index ended in negative territory, and 14 ended in the positive.
The tech-heavy Nasdaq Composite advanced 0.2% or 51.04 points, to close at 23,505.14.
The S&P 500 gained 0.1% to end at 6,857.12. Out of the 11 broad sectors of the broad-market index, five ended in positive territory, while six were in negative territory. The Industrials Select Sector SPDR (XLI), the Technology Select Sector SPDR (XLK) and the Communication Services Select Sector SPDR (XLC) rose 0.5%, 0.4% and 0.4%, respectively, while the Health Care Select Sector SPDR (XLV) fell 0.7%.
The fear gauge, the CBOE Volatility Index (VIX), decreased by 1.9% to 15.78. A total of 15.13 billion shares were traded on Thursday, lower than the last 20-session average of 17.98 billion. The S&P 500 posted 31 new 52-week highs and five new lows, and the Nasdaq Composite recorded 114 new highs and 52 new lows.
Jobless Claims Hit Low
The Labor Department said on Thursday that initial jobless claims fell to 191,000, decreasing 27,000 for the week ending Nov. 29.This is the lowest level for initial claims since Sept. 24, 2022. The previous week's level was revised up by 2,000 to 218,000. The four-week moving average decreased to 214,750, marking a fall of 9,500 from the previous week. The prior week's average was revised up by 500 to 224,250.
Continuing claims came in at 1,939,000 for the week ending Nov. 22, decreasing 4,000 from the previous week’s revised level. The prior week's numbers were revised down by 17,000 from 1,960,000 to 1,943,000. The four-week moving average was 1,945,250, a decrease of 6,250 from the previous week's revised average. Last week's average was revised down by 4,250 from 1,955,750 to 1,951,500.
Today, the University of Michigan will also release its consumer survey for December, as well as delayed data on consumer spending, income and the personal consumption expenditures index. Market participants widely anticipate a rate cut at Wednesday’s Fed meeting, with the CME FedWatch Tool assigning an 89.2% chance of a December reduction.
Strong Q3 Earnings
UiPath Inc. (PATH - Free Report) reported third-quarter 2025 adjusted earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.14 per share. The Software company generated total revenues of $411.11 million, outpacing the Zacks Consensus Estimate by 4.71%.
Salesforce, Inc. (CRM - Free Report) reported third-quarter 2025 adjusted earnings of $3.25 per share, beating the Zacks Consensus Estimate of $2.85 per share. The Software company generated total revenues of $10.26 billion, missing the Zacks Consensus Estimate by 0.05%.
Five Below, Inc. (FIVE - Free Report) reported third-quarter 2025 adjusted earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.22 per share. The specialty retailer generated total revenues of $1.04 billion, beating the Zacks Consensus Estimate by 7.05%.
Consequently, shares of Salesforce, Five Below and UiPath rose 24.4%, 3.7% and 3.2% respectively. Five Below carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Economic Data
The Commerce Department reported that U.S. factory orders increased 0.2% in September after increasing 1.3% in August.