Stock market today: Live updates

This year, the equity market has continued its rally to new highs.

So far, the S&P 500 has gained 13.92% in 2024, while the Nasdaq Composite is up 17.69%. The Nasdaq 100 has added 16.35%.

Here’s how many record closes some of the major averages have notched year to date:

• S&P 500: 29
• Nasdaq Composite: 17
• Nasdaq 100: 26

— Lisa Kailai Han

The Bank of Japan kept its benchmark interest rate unchanged on Friday, but indicated it’s considering the reduction of its purchase of Japanese government bonds.

At the end of its two-day policy meeting, the central bank left short-term rates unchanged at between 0% to 0.1%, as widely expected.

The BOJ said it could reduce its purchases of Japanese government bonds at its next monetary policy meeting, scheduled for July 30 and 31.

The yen weakened past 158 against the U.S. dollar following the announcement. The yield on the 10-year Japanese government bond fell to 0.929%.

— Lim Hui Jie

Famed meme stock trader Keith Gill – also known as “Roaring Kitty” and “DeepF——Value” – seems to have bolstered his stake in the company to 9 million shares.

Gill posted a new screenshot of his E-Trade portfolio to Reddit’s Superstonk forum on Thursday after the market close. The image seems to show that he’s now holding 9.001 million GameStop shares and more than $6 million in cash.

The total value of his portfolio surpassed $268 million on Thursday evening, compared to $210 million on June 2. Shares of GameStop jumped more than 14% in regular trading, but slid 4% in after hours.

Read more from CNBC’s Yun Li on how Roaring Kitty may have upped his stake here.

–Darla Mercado

Shares of software giant Adobe soared more than 16% on Thursday after the company’s second-quarter results surpassed Wall Street estimates.

Adobe raised both its full-year earrings and revenue outlook. The company now forecasts earnings of $18 per share to $18.20 on revenue in the range of $5.33 billion to $5.38 billion.

— Brian Evans

Tesla shareholders voted to reinstate CEO Elon Musk’s controversial $56 billion pay package on Thursday, although the measure has to be settled in court to take effect.

The vote on Musk’s compensation was one of several measures poised for a shareholder vote on Thursday, including a provision to reincorporate the company in Texas.

Shares of Tesla traded roughly 1% higher. Tesla stock closed nearly 3% higher during the regular session in anticipation that the pay package would be approved.

— Brian Evans

Stock futures were little changed on Thursday, following the S&P 500’s latest record-high close and strong quarterly results from Adobe.

S&P 500 futures ticked down 0.1%, while Nasdaq 100 futures slipped 0.04%. Dow Jones Industrial Average futures ticked down 57 points, or 0.1%.

— Brian Evans