This Is So On US Stocks By The Weekend!


 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.