U.S. stock markets saw an uptick, primarily driven by positive news from Amazon, even though a disappointing jobs report, marked by some atypical factors, reinforced predictions for another interest rate cut by the Federal Reserve next week. The S&P 500 climbed by 0.4% on Friday, partially recovering from a significant decline the previous day, which had been its worst performance in eight weeks. The Dow Jones Industrial Average increased by 0.7%, while the Nasdaq composite surged by 0.8%. Amazon’s stock soared after the company reported a quarterly profit surpassing the expectations of analysts. Following the jobs report, Treasury yields initially dipped but later rose, reflecting unusual elements affecting the data.
On Friday, the performance of major stock indexes was as follows:
The S&P 500 advanced 23.35 points or 0.4%, reaching a total of 5,728.80.
The Dow Jones Industrial Average increased by 288.73 points or 0.7%, ending at 42,052.19.
The Nasdaq composite rose by 144.77 points or 0.8%, closing at 18,239.92.
The Russell 2000 index, which tracks smaller companies, gained 13.48 points or 0.6%, finishing at 2,210.13.
For the week, stock index performances were mixed:
The S&P 500 experienced a decline of 79.32 points or 1.4%.
The Dow saw a minimal decrease of 62.21 points or 0.1%.
The Nasdaq fell by 278.69 points or 1.5%.
In contrast, the Russell 2000 managed a slight increase of 2.14 points or 0.1%.
Year-to-date statistics reveal consistent growth across indexes:
The S&P 500 has risen by 958.97 points or 20.1%.
The Dow has appreciated by 4,362.65 points or 11.6%.
The Nasdaq has soared by 3,228.57 points or 21.5%.
Lastly, the Russell 2000 has improved by 183.06 points or 9%.