Nasdaq Jumps Over 400 Points as Resilient US Labor Data Boosts Sentiment

Key Facts

1The Nasdaq index climbed 1.54% driven by positive economic data.

2US weekly jobless claims fell to 196,000.

In a move reflecting the resilience of the US economy against monetary pressures, US stock markets recorded significant gains on Thursday. According to reports, the Nasdaq index climbed 1.54%, gaining over 400 points. This momentum was driven by positive economic data showing that weekly jobless claims fell to 196,000, a figure that came in lower than expected and bolstered confidence in labor market stability.

The decline in jobless claims contributed to improved investor risk appetite, particularly for technology and growth stocks which led the broad market rally. Per market data, NDAQ (Nasdaq, Inc.) shares stood at $88.76 at the close of September 16, 2026, having traded between a day low of $87.94 and a high of $89.68 during that session.

Looking ahead, traders are monitoring technical support and resistance levels following this strong move, with NDAQ priced at $88.76 (close of September 16, 2026). As the economic calendar for the next seven days remains light on direct catalysts for the index, attention remains on whether this momentum can be sustained under current monetary conditions led by Fed Chair Kevin Warsh.