Reported 6 months ago
The S&P 500 and Nasdaq saw slight declines ahead of the US payrolls data, retracting from record highs reached recently. The Dow Jones slightly rose as technology stocks dipped, while sectors like utilities and industrials dragged down the S&P 500. Consumer discretionary and energy sectors led the gainers. Nvidia fell but remained the third most valuable company globally. Investors are keenly awaiting the US nonfarm payrolls report as labor market easing hints at possible interest rate cuts by the Federal Reserve. European Central Bank's rate cut signals. Tech companies boosted Wall Street's rally this year, with Nvidia contributing significantly. Forecasters anticipate further rate cuts amidst a global easing policy, excluding Japan. Notable stock movements included shares of GameStop, Lululemon Athletica, NIO, and Five Below.
Source: YAHOO