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Stocks Surge as Jobs Data Takes Center Stage

1 min read
Source: Yahoo Finance
Stocks Surge as Jobs Data Takes Center Stage
Photo: Yahoo Finance
TL;DR

Tech stocks led the major averages higher as investors focused on labor market data for clues about interest rates. The Dow Jones Industrial Average lagged behind, while the S&P 500 and Nasdaq Composite rebounded, driven by tech stocks like Alphabet. The latest weekly jobless claims data showed a slight increase, but the crucial monthly US jobs report on Friday will provide a clearer picture of inflation and interest rate expectations. In other news, mortgage rates fell for the sixth straight week, boosting the refinance market, and stocks opened higher as investors monitored labor market data.

Topics:businessfinance#finance#interest-rates#labor-market-data#mortgage-rates#stock-market#tech-stocks
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  1. Stock market news today: Stocks pop as focus fixes on jobs data  Yahoo Finance
  2. Nasdaq rises 1%, S&P 500 climbs for first day in 4 as jobs report looms: Live updates  CNBC
  3. Stock Market Today: Dow, S&P 500 Edge Higher; GameStop Stock Up After Earnings  The Wall Street Journal
  4. Stock market news today: Stocks pop, tech leads as focus fixes on jobs data  Yahoo Finance
  5. There's a new dynamic heading into payrolls report, Goldman trading expert says  MarketWatch

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