• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

5 September 2024 20:57  |

S&P 500 and Nasdaq Rise for First Time in Three Days as Tech Tries to Rebound

The Nasdaq Composite rose Thursday, following back-to-back losing sessions, as investors snatched up beaten-down technology stocks ahead of Friday's keynote labor report.

The tech-heavy benchmark rose 0.5%. The S&P 500 gained 0.1%, and the Dow Jones Industrial Average dropped 60 points, or 0.1%.

Popular megacap and chip stocks led the charge, with Nvidia last up nearly 2%. Meta Platforms, Alphabet and Apple rose about 1% each.

Fresh labor market data Thursday sent mixed signals about the health of the U.S. economy as questions linger over whether the Federal Reserve is behind the curve on rate cuts. Private payrolls data showed the weakest growth since 2021, heightening fears of a slowing labor market. However, weekly claims for unemployment benefits declined from the previous week.

Source : CNBC

 

Related News

MARKET UPDATE

Asia Shares Steady, Dollar Firm Before Jobs Test

Asian share markets got off to a quiet start on Monday as investors braced for a data-packed week culminating in a U.S. jobs ...

2 September 2024 07:47
MARKET UPDATE

Dow Closes 600 Points Lower to Begin September, S&P 500 Drop...

Stocks tumbled Tuesday as technology names struggled and new economic data rekindled fears around the health of the economy. ...

4 September 2024 03:15
MARKET UPDATE

Dow falls more than 100 points as September trading begins

Stocks declined Tuesday as traders braced for a potentially tough month ahead after a strong but volatile August. The Dow J...

3 September 2024 20:34
MARKET UPDATE

Europe Stocks Close Sharply Lower as Tech Stocks Lead Losses...

European stocks closed sharply lower on Wednesday, tracking losses on Wall Street and in Asia-Pacific markets. The pan-Euro...

4 September 2024 23:06
BIAS23.com NM23 Ai