Markets Rally: S&P 500 and Nasdaq Achieve New Highs
The S&P 500 and Nasdaq hit fresh record highs following a robust jobs report that suggests strength in the labor market. Despite concerns over President Trump's tariffs, the Dow Jones also opened higher, indicating investor confidence. The positive opening reflects a hopeful outlook in the face of trade policy challenges.
The markets opened strongly on Thursday as the S&P 500 and Nasdaq reached new record highs. This surge comes after a jobs report exceeding expectations, showing resilience in the labor market despite ongoing trade tensions.
The Dow Jones Industrial Average increased by 81.3 points, or 0.18%, rising to 44,565.75 at the opening bell. Simultaneously, the S&P 500 also gained 19.0 points, or 0.31%, reaching 6,246.46 in early trading.
The Nasdaq Composite followed suit with a rise of 104.5 points, or 0.51%, peaking at 20,497.663. Investors appear buoyed by the strength of the economic data even as they navigate the uncertainties of U.S. tariff policies under the Trump administration.
(With inputs from agencies.)
Advertisement
ALSO READ
National Guard Control Clash: Trump vs. Newsom over LA Deployment
Trump's Tense Standoff: Iran's Leadership in the Crosshairs
G7 Summit Highlights: Canadian Aid, Diplomatic Divergence, and Trump's Abrupt Exit
PM Modi invited Trump to India for QUAD summit: FS Misri.
PM Modi speaks to US Prez Trump, tells him firmly no mediation or trade deal led to understanding on cessation of hostilities with Pakistan.
Google News