Abbott Laboratories surged 12% after beating quarterly earnings and raising its full-year profit outlook. UnitedHealth added 4.3% after raising its 2026 profit forecast. Consumer staples gained about 2%. Real estate rose about 2%. Advancing stocks narrowly led decliners on the NYSE. Declining issues led on the Nasdaq.

Stocks in the News

GE Aerospace fell 4.7% despite raising its 2026 profit forecast, extending Wednesday’s decline on the same dynamic running through the chip stocks. United Airlines slipped 1.4% as rising fuel costs continued to pressure the stock after Wednesday’s guidance warning.

What to Watch

The chip selloff is running on positioning after an extended rally, not a change in the…