The Dow and S&P 500 closed at fresh records Thursday even after reports emerged of “fierce internal opposition” in Washington over a new agreement with Beijing to cancel tariffs in stages. The benchmark Russell 2000 index of smaller, domestically-focused companies, which had been more reluctant to join the recent market rally, closed slightly higher.
The Dow was the best performer rising 0.66%. Sectors were mixed, led up by communications and energy. Utilities and real-estate bucked the trend. After the closing bell, Disney reported better than expected financial results, just days before the launch of Disney+. Jobless claims dropped by 11K, showing that the US labor markets report buoyed. US yields surged on Thursday rising by the most in 3-years. Bund yields also rallied, as investors exited fixed-income assets. The dollar continues to rise as the interest rate differential between the US and Germany remained wide.

The most active stock on Thursday's session. 

Expedia Group, Inc : 

Shares of Expedia Group Inc. plunged 27.39% Thursday after the travel website reported worse-than-expected earnings results after the close of trade Wednesday. The company reported third-quarter net income of $409 million, or $2.71 a share, compared with $525 million, or $3.43 a share, in the year-ago period. Adjusted earnings were $3.37 a share. Revenue rose to $3.56 billion from $3.28 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $3.79 on revenue of $3.57 billion.


QUALCOMM Incorporated: 

Qualcomm Inc. reported fiscal fourth-quarter earnings and sales that fell less than Wall Street had forecast Wednesday after the close while projecting the current quarter will also result in year-over-year declines in profit and revenue. Shares rose 6.32% on Thursday and have risen almost than 60% year-to-date.

Baidu gains two bulls after earnings. Baidu Inc. rallied 13.52% after the Chinese internet giant reported sales and earnings growth Wednesday evening that surpassed Wall Street estimates.


PG&E Corp

Shares of PG&E Corp. tumbled 13.01% after the utility swung to a third-quarter loss after it took a $2.5 billion charge for losses related to California wildfires. The embattled utility said Thursday that it anticipates those costs to escalate to as much as $6.3 billion.