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Dow Jones Rebounds to New Heights as Economic Data Fuels Investor Optimism | Daily Market Analysis
Key events: Switzerland - Employment Level (Q3) Eurozone - ECB's Lane Speaks The Dow Jones Industrial Average has rebounded from a recent lull, continuing its upward momentum into a strong finish for the week. Overall, the DJIA is poised to conclude the week with an approximate gain of 1.8% since Monday's opening, though it remains slightly below last week's peak of around 44,485.
Market Jitters as Labor Data and Geopolitical Tensions Weigh on Stocks, Currencies, and Gold | Daily Market Analysis
Key events: USA - Average Hourly Earnings (MoM) (Sep) USA - Nonfarm Payrolls (Sep) USA - Unemployment Rate (Sep) The S&P 500 declined on Thursday as investors responded to signs of a softer labor market and ongoing geopolitical concerns in the Middle East, with a key monthly jobs report on the horizon. The Dow Jones Industrial Average dropped 184 points, or 0.4%, while the S&P 500 fell 0.2%, and the NASDAQ Composite slipped by 0.1%.
S&P 500 Closes Lower Amid Rising Treasury Yields and Inflation Concerns | Daily Market Analysis
Key events: UK - Core Retail Sales (MoM) (Apr) Eurozone - ECB's Schnabel Speaks Canada - Core Retail Sales (MoM) (Mar) USA - Durable Goods Orders (MoM) (Apr) USA - Fed Waller Speaks USA - Michigan Consumer Sentiment (May) The S&P 500 closed lower on Thursday as increasing Treasury yields, driven by persistent inflation concerns, dampened hopes for interest rate cuts. This overshadowed gains in tech stocks led by Nvidia.