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Jun 15, 2023 thejournalbiz

U.S. stocks rose Thursday, lifted by gains across everything from shares of manufacturers to oil producers.

Markets have been buoyant in recent weeks. The S&P 500 is on course to close higher for a sixth straight trading session, its longest such streak since November 2021.

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Marketwatch:https://t.co/ShdJlrYZOX (JD), Alibaba (BABA), Baidu (BIDU): Shares in Chinese techs rose over 4%
Tesla (TSLA): Shares were about flat
Lennar (LEN): shares rose more than 3%
NexTier Oilfield Solutions (NEX): shares were up more than 5%
Kroger (KR): stock fell 5% pic.twitter.com/LSJt0XSJjJ

— The_Journalbiz (@the_journalbiz) June 15, 2023

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JD.com (JD), Alibaba (BABA), Baidu (BIDU): Shares in the three Chinese tech companies all rose more than 4% in Asia after China’s central bank cut a key interest rate. An index of U.S.-listed Chinese stocks rose nearly 2%.

Tesla (TSLA): Shares in the electric-car company were about flat. Tesla stock snapped a long winning streak in regular-hours trading Wednesday.

Lennar (LEN): The home builder’s shares rose more than 3% after it reported stronger-than-expected results.

NexTier Oilfield Solutions (NEX) and Patterson-UTI (PTEN): The oil-field-services companies agreed to merge in an all-stock deal. NexTier’s shares were up more than 5%, while Patterson-UTI stock jumped about 10%.

Kroger (KR): The grocer chain’s stock fell 5% in morning trading after quarterly earnings per share missed consensus forecasts.