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The Stock Market Today: Biggest Winners and Losers

The stock market closed higher on Wednesday, with the Dow Jones Industrial Average and the S&P 500 posting their best day in nearly a month. The Nasdaq Composite also rose, but lagged behind the other major indexes.

The Dow gained 30.48 points, or 0.09%, to close at 33,531.33. The S&P 500 added 18.47 points, or 0.45%, to finish at 4,137.64. The Nasdaq rose 126.89 points, or 1.04%, to close at 12,306.44.

The gains were broad-based, with all 11 major S&P 500 sectors ending higher. Technology stocks led the way, with the sector rising 1.2%. Financials and industrials also rose sharply, each up more than 1%.

Investors were encouraged by reports showing that the U.S. economy is growing at a healthy pace. The Commerce Department said that retail sales rose 0.9% in April, the largest increase in four months. And the Institute for Supply Management said that its manufacturing index rose to 57.5 in May, the highest level in nearly two years.

"The economy is still growing at a good pace," said Kevin Mahn, chief investment officer at Hennion & Walsh Asset Management. "That's good news for investors."

However, some investors are concerned that the Federal Reserve may be forced to raise interest rates more aggressively in order to combat inflation. That could lead to a slowdown in economic growth. "The market is still trying to figure out how aggressive the Fed is going to be," said Mahn. "That's the big question that's hanging over the market right now."

Biggest Winners and Losers

The biggest winners on the Dow were:

  • Walt Disney Co. (DIS) +3.6%

  • Boeing Co. (BA) +3.3%

  • JPMorgan Chase & Co. (JPM) +2.9%

  • Visa Inc. (V) +2.8%

  • Mastercard Inc. (MA) +2.7%

The biggest losers on the Dow were:

  • Walgreens Boots Alliance Inc. (WBA) -2.6%

  • Home Depot Inc. (HD) -2.4%

  • Intel Corp. (INTC) -2.3%

  • Nike Inc. (NKE) -2.2%

  • Exxon Mobil Corp. (XOM) -2.1%

Forecast for Thursday

Stocks are expected to open higher on Thursday, with the Dow Jones Industrial Average and the S&P 500 both expected to rise by about 0.2%. The Nasdaq Composite is expected to open up by about 0.3%.

Investors will be looking for more economic data on Thursday, including the release of the weekly jobless claims report and the minutes from the Federal Open Market Committee's latest meeting.

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