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S&P 500 Gains and Losses Today: Epam Systems Shares Plunge Amid Demand Challenges
EPAMEPAM(EPAM) Investopedia·2024-05-10 04:46

Key TakeawaysThe S&P 500 added 0.5% on Thursday, May 9, 2024, as an uptick in first-time jobless claims bolstered hopes for interest rate cuts by the Federal Reserve.Equinix shares soared after the data center operator reported strong quarterly results, driven by demand for AI products.Epam Systems stock tumbled after the software engineering firm provided lackluster quarterly and annual guidance, citing a difficult demand environment. Major U.S. equities indexes advanced as data showed that initial unemplo ...