The major indexes (^DJI,^GSPC, ^IXIC) closed little changed on Thursday as investors await the May jobs report. They’re looking for signs that the labor market is cooling in hopes it will spur the Federal Reserve to cut interest rates sooner rather than later.
Yahoo Finance’s Julie Hyman and Jared Blikre break down the market action.
For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.
This post was written by Stephanie Mikulich.
Video Transcript
That’s the closing bell on Wall Street, and now it is market domination.
Over time, we’re getting you up to speed on the action from today’s session.
So let’s start with where the major averages ended on the session pretty much where they were last time.
We checked them about an hour ago, not much movement in the last hour of trading here, with the Dow finishing higher by about 1/5 of 1% around 79 points, the S and P down very slightly a little more than a point, not even 1/10 of 1% there in the NASDAQ, down just about 1/10.
The 1% about 15 points on the day.
Uh, Jared really a story today, perhaps, of people kind of waiting for the jobs for tomorrow, waiting for the next big market council.
We saw a lot of big moves on the individual stock level, which we’ve been talking about, but not as much on the sort of macro level today.
The indices, the bond with the world of bonds, also the dollar, everything pretty quiet here.
So let’s go to the Wi Fi Interactive.
Just take a quick look at the sector action.
Consumer discretionary.
That was the best performing sector of the day.
XL Y up about three quarters of a percent, followed by energy, health care staples, real estate, materials and communication services.
All of those outperforming the S and P 500 to the downside, utility is the biggest loser, down 1%.
And we’re gonna take a look at the NASDAQ here.
And, uh, guess what I’m gonna do.
I’m gonna put market cap numbers on.
So once again in NVIDIA, switch a switch from yesterday day down a little bit, ending the day down from Apple a little bit lower.
And also off of that $3 trillion mark.
Uh, elsewhere in Mega Cap and we see Amazon up 2% as it’s flirting with its record highs cost go up 1% but not a lot of out performers or underperformers, for that matter.
It looks like Arc is in the lead here Among my leaders in sentiment markets Also American US Internet stocks, gambling, but not seeing too many outliers.
I will check in on arc innovation.
So we got Tesla up over 1.5% today.
Hood one of their holdings That’s up 6.5%.
All in all, uh, looks like a better day here for disruptive tech.
Where did Gamestop end?
Oh, are we still doing main stop money, too?
All right, here we go.
Here’s our main stocks up 47%.
I’m going to show this is the chart.
We had a number of halts today, but guess what?
Ending near the highs of the day.
And to put this into context, this is the highest close of the year, and probably in several years, you have to go all the way back to about late 2021.
And if I put the five year chart on, you can see this latest peak well, still has a ways to go to get to anything we saw in 2021.
But, hey, it’s a start.
We’ll see if Keith Gild tries tomorrow in his live stream.
Yes,