This Is So On US Stocks By The Weekend!

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 Strong economic data provided material support to the US stock market at the start of the New York trading session.


The US jobless claims report showed a slight decline last week, signaling continued strengthening in the labor market in the giant economy.


However, investors are seen as still worried about a potential crisis in the regional banking sector.


Comerica, First Republic Bank and Zions Bancorporation were the biggest losers in the S&P 500 in the New York session, followed by weaker energy stocks.


This was in response to a retracement in the main index, which saw it close modestly higher in late trade.



As a result, the 3 main US indexes, the Dow Jones Industrial rose 0.23% to 32,105.26, while the S&P rose 0.3% to 3,948.71 and the Nasdaq jumped 1.29% to 12,729.23.


The US30 index was little changed at 32,126 during the Asian session.


Of the 11 major S&P 500 sectors, only communications services and technology ended the session higher. Netflix jumps 8% boosted by possible ban on Tiktok.


Also, chipmaker Nvidia Corp rose 2.7% after Needham raised its price target, while Accenture jumped 7.3% after it announced plans to cut about 2.5% of its workforce.

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