US Major Stock Index Performance Analysis for Thursday, 5/2/2024: A Comprehensive Review
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- U.S. stocks closed higher on Thursday, trimming their losses for the week. The S&P 500, Dow Jones Industrial Average, and Nasdaq composite all saw gains, boosted by stronger than expected quarterly results from companies such as Qualcomm and Carvana.
- Treasury yields eased in the bond market following reports on joblessness and worker productivity. However, the market’s attention is now focused on Friday’s monthly update on the U.S. job market.
- Despite the gains, the S&P 500, Dow, and Nasdaq are still down for the week, while the Russell 2000 index of smaller companies has seen a slight increase.
U.S. stocks recover losses, boosted by strong quarterly results and eased Treasury yields. Market anticipates Friday’s job market update.
U.S. Stocks See Gains, Trimming Weekly Losses
On Thursday, U.S. stocks closed higher, trimming their losses for the week. The S&P 500 and the Dow Jones Industrial Average both climbed 0.9%, while the Nasdaq composite added 1.5%. This recovery was largely driven by stronger than expected results for the latest quarter from companies such as Qualcomm and Carvana.
Eased Treasury Yields and Anticipation for Job Market Update
Following reports on joblessness and worker productivity, Treasury yields eased in the bond market. Despite the po... Read the full article for FREE at COINOTAG!
