US stocks opened higher on Thursday as investors returned to beaten-down technology shares following a sharp selloff, though gains were tempered by rising geopolitical tensions in the Middle East and higher oil prices. The Dow Jones Industrial Average added 246 points.
Total Q2 earnings for the S&P 500 index are currently expected to be up +21.8% from the same period last year on +10.9% higher revenues, with 11 of the 16 Zacks sectors expected to enjoy positive earnings growth.
Dow teams up with Xylem on Fort Saskatchewan water systems, aiming to cut freshwater demand and boost efficiency by 2028.
Technology stocks dragged Wall Street lower on Tuesday as a rebound in semiconductor shares lost momentum, while investors weighed renewed geopolitical uncertainty in the Middle East and prepared for key inflation data and the highly anticipated SpaceX initial public offering. The S&P 500 fell 0.26% to 7,386.65, while the Nasdaq Composite dropped 0.97% to 25,678.82.
Rising rate fears are hurting tech-heavy indexes, but the Dow's value tilt and lower tech exposure may offer relative resilience.
DOW shares have surged 39.1% in six months as cost cuts, growth projects and pricing actions support earnings growth and shareholder returns.
The Dow's industrial-era anchors are quietly outpacing the broader market. Over the past year, the SPDR S&P 500 ETF Trust (NYSEARCA: SPY) returned 24.37%, and the Dow tracker returned 20.22%.
Three of the Dow's worst performers this year share more than just a red ticker.
DOW, LXFR and TNET made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 8, 2026.
Ten years ago, Exxon Mobil (NYSE:XOM | XOM Price Prediction) was an aging supermajor coasting on legacy assets and a sleepy dividend.
Amazon (NASDAQ:AMZN | AMZN Price Prediction) is a stock worth owning for decades because the cash engines underneath the retail storefront, AWS, advertising, and Prime, throw off compounding profits no single recession or product cycle can break.
Chevron (NYSE:CVX | CVX Price Prediction) is a stock worth owning for decades because it generates oceans of cash through every commodity cycle and shares that cash with owners on a schedule you can set your retirement clock to.