Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

DJ INDUSTRIAL

(DJI)
Delayed Quote. Delayed USA - 06/24 05:29:46 pm
34196.82 PTS   +0.95%
Pre-market
0.32%
34304.77 PTS
06:39aDOW JONES FXCM DOLLAR INDEX  : ING Says Eurozone Bank Lending Remains Subdued in May After The Peak in March
MT
06:27aEBay Raises Buyback Plan to $5 Billion
DJ
06:24aEUROPEAN MIDDAY BRIEFING  : Stocks Struggle With -2-
DJ
SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

S&P 500, Dow end at record highs as weak jobs data eases rate worries

05/07/2021 | 04:57pm EDT
The front facade of the NYSE is seen in New York

NEW YORK (Reuters) - The Dow and S&P 500 hit record closing highs on Friday while registering gains for the week, and the Nasdaq recovered after U.S. jobs data eased concerns over prospects for rising rates.

U.S. job growth unexpectedly slowed in April, likely restrained by shortages of workers, the Labor Department report showed.

The report alleviated some concerns about rising inflation and potentially higher U.S. interest rates, which some investors worry would hurt growth companies with high valuations.

"Growth names that were taken to the woodshed are getting another chance, because they will be perceived to be less risky in an environment where there is a slower recovery, and that's really what the jobs data is indicating", said Tom Martin, senior portfolio manager at Globalt Investments.

Heavily-weighted growth stocks such as Microsoft Corp and Apple Inc rose by 1.1% and 0.5%, respectively, giving the S&P 500 and Nasdaq their biggest boosts.

But gains were broad-based, with all major S&P 500 sectors ending in the green and energy and real estate leading the advance. Energy and materials both hit fresh highs.

The Dow rose 229.23 points, or 0.66%, to 34,777.76, the S&P 500 gained 30.98 points, or 0.74%, to 4,232.6 and the Nasdaq Composite added 119.40 points, or 0.88%, to 13,752.24.

For the week, the Dow rose 2.7%, its biggest weekly percentage gain since March. The S&P 500 gained 1.2%, its best week since mid-April, while the Nasdaq shed 1.5%.

"The anticipation and confirmation of (Federal Reserve) policy staying the same and continued economic recovery with vaccines rollout have fueled these all-time highs, but we do believe the volatility is going to be tightened in the short term," said Greg Bassuk, chief executive at Axs Investments.

A raft of upbeat earnings also helped stocks, and S&P 500 earnings are now estimated to have increased 50.4% in the first quarter from a year ago, which would be the highest growth rate since the first quarter of 2010, according to Refinitiv data.

Payments firm Square Inc rose 4.2% after reporting a better-than-expected quarterly profit, as surging demand for bitcoin fueled a jump in cryptocurrency transactions on its application.

Streaming device maker Roku Inc jumped 11.5%following an upbeat revenue outlook, while fitness equipment maker Peloton Interactive Inc gained as it laid out steps to improve the safety of its equipment.

Expedia Group Inc shares rose 5.2% as analysts raised price targets following the company's upbeat results.

Advancing issues outnumbered declining ones on the NYSE by a 3.27-to-1 ratio; on Nasdaq, a 2.12-to-1 ratio favored advancers.

The S&P 500 posted 164 new 52-week highs and one new low; the Nasdaq Composite recorded 164 new highs and 64 new lows.

Volume on U.S. exchanges was 10.23 billion shares, compared with the 10.11 billion average for the full session over the last 20 trading days.

(Reporting by Krystal Hu in New York; additional reporting by Shreyashi Sanyal and Sruthi Shankar in Bengaluru; Editing by Marguerita Choy)

By Krystal Hu and Caroline Valetkevitch


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -0.22% 133.41 Delayed Quote.0.76%
DJ INDUSTRIAL 0.95% 34196.82 Delayed Quote.10.68%
EXPEDIA GROUP, INC. 0.65% 170.05 Delayed Quote.28.44%
PELOTON INTERACTIVE, INC. 3.72% 121.85 Delayed Quote.-19.69%
ROKU, INC. 0.45% 423.58 Delayed Quote.27.58%
All news about DJ INDUSTRIAL
06:39aDOW JONES FXCM DOLLAR INDEX  : ING Says Eurozone Bank Lending Remains Subdued in..
MT
06:27aEBay Raises Buyback Plan to $5 Billion
DJ
06:24aEUROPEAN MIDDAY BRIEFING  : Stocks Struggle With -2-
DJ
06:19aDOW JONES FXCM DOLLAR INDEX  : Daiwa on Bank of Japan Flow Funds Accounts in Q1,..
MT
06:12aPRESS RELEASE  : NFON reports on Growth Strategy 2024 and the strategic partners..
DJ
06:04aDOW JONES FXCM DOLLAR INDEX  : Nomura Says India's COVID-19 Vaccination Drive Ta..
MT
05:55aDGAP-DD  : Einhell Germany AG english
DJ
05:51aDOW JONES FXCM DOLLAR INDEX  : SocGen Notes Mexico's Central Bank Surprises With..
MT
05:43aDGAP-PVR  : CTS Eventim AG & Co. KGaA: Release according to Article 40, Section ..
DJ
05:40aPRESS RELEASE  : PharmaSGP successfully holds first AGM after IPO
DJ
More news
News of the index components DJ INDUSTRIAL
07:00aNIKE  : BMO Capital Adjusts Nike's Price Target to $174 From $160, Keeps Outperf..
MT
06:54aNIKE  : Deutsche Bank Adjusts Nike's Price Target to $179 From $161, Maintains B..
MT
06:51aUNITEDHEALTH GROUP  : Announces Earnings Release Date
BU
06:30aUPDATE : Nike Swings to Profit in Fiscal Q4 as Revenue Almost Doubles; Shares Ju..
MT
06:12aNIKE  : Telsey Advisory Further Lifts Nike's Price Target to $180 From $160, Kee..
MT
06:11aNIKE  : Pivotal Research Adjusts Nike's Price Target to $175 From $167, Reiterat..
MT
06:00aNIKE  : Sees Digital Continuing to Power Growth in Fiscal 2022 as Sales Hit Reco..
MT
More news
Chart DJ INDUSTRIAL
Duration : Period :
DJ Industrial Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DJ INDUSTRIAL
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Top / Flop DJ INDUSTRIAL
NIKE, INC. 151.025 Real-time Estimate Quote.13.04%
THE BOEING COMPANY 250.57 Delayed Quote.2.87%
THE GOLDMAN SACHS GROUP, INC. 368.75 Delayed Quote.2.13%
CATERPILLAR INC. 222.875 Real-time Estimate Quote.1.61%
WALT DISNEY COMPANY (THE) 177.93 Delayed Quote.1.48%
DOW INC. 63.11 Delayed Quote.-0.06%
APPLE INC. 131.505 Real-time Estimate Quote.-1.43%
Heatmap :