stamp 500 Nasdaq The index ended on a positive note, but it was still unable to avoid the S&P 500’s worst weekly performance since June.
Dow Jones On the 6th, the industrial index fell 237.33 points or 0.46% to close at 51,285.73 points. The S&P 500 index rose 23.13 points, or 0.31%, to close at 7,376.86. After falling sharply on the 5th, the Nasdaq Composite Index dominated by technology stocks closed at 24,579.42 points, up 264.43 points or 1.09% on the 6th.
The S&P 500 and Nasdaq recovered from steep losses on the 5th as investors assessed the impact of the Democratic Party’s sweeping election victory. The sharp decline on the 5th led to a decline of US$3 trillion in market value, mainly due to market concerns about the slowdown in data center construction and AI spending.
Chip stocks HUDA, Advanced Micro Devices (AMD), Micron (MICR) and SanDisk recovered some losses from the usual selling pressure of the previous session.
Oil prices were also in focus, with international benchmark Brent crude futures falling below $100 a barrel. Energy traders continue to assess the prospects of war in the Middle East, with the risk of renewed fighting weighing on market sentiment.
The employment data is equally fascinating. The U.S. Labor Department reported 165,000 new jobs were created in October, up by a revised 60,000 from September and better than the 65,000 expected by economists.
