Check out the companies making headlines on Wall Street on Thursday.
— Financial stocks surged on Thursday, reversing a downtrend for the sector in recent sessions. JPMorgan rose 2.1%, while Wells Fargo jumped 6.2% and Discover climbed by more than 8%. The rise for the bank stocks came in spite of a slight decline in Treasury yields.– Shares of the industrial conglomerate fell more than 3% after the company said that in April sales declined 11% year-over-year.
— The grocery stock fell more than 4% as consumer stocks struggled on Thursday. The company announced on Thursday that it has hired more than 100,000 workers since the pandemic began, which represents more than 20% of its pre-crisis workforce.for exclusive insights and analysis, and live business day programming from around the world.
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