Nasdaq hits record high led by Nvidia as stocks rise on soft jobs data
US stocks climbed after weaker-than-expected jobs data, with the Nasdaq setting a new record led by Nvidia, even as the Dow was on track for a weekly loss.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
US stocks rose after the release of softer-than-expected jobs data, with the Nasdaq composite reaching a new record high, led higher by Nvidia, according to CNBC.
Despite the gains in the Nasdaq, the Dow Jones Industrial Average was on track to end the week lower, pointing to a divergence between technology-heavy indexes and the broader blue-chip benchmark.
Soft labor market data is often read by investors as increasing the likelihood that the Federal Reserve will ease monetary policy, which can support equity valuations, particularly for growth and technology stocks such as Nvidia.
Further details on the specific jobs figures or the scale of the moves across individual indexes were not included in the available report.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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