Major U.S. equities indexes finished Thursday little changed after a sharp sell-off a day earlier.
Although investors continued to digest indications that the Federal Reserve plans a more muted path for interest-rate cuts in 2025, a positive update to estimated gross domestic product growth in the third quarter demonstrated the resilience of the U.S. economy.
After trading higher for most of the session, the S&P 500 and the Nasdaq Composite saw their rebound attempts lose steam in the afternoon, with both indexes finishing down 0.1%. The Dow managed a gain of less than 0.1%, ending a streak of 10 straight down days.
Shares of Lamb Weston (LW) plunged 20%, more than any other S&P 500 stock on Thursday, after the provider of frozen fries and other potato products reported an unanticipated loss for its fiscal second quarter. The Idaho-based company also lowered its full-year outlook and announced the appointment of a new CEO,
Micron Technology (MU) …