The Nasdaq rose 0.46% driven by a surge in technology and semiconductor shares after US initial jobless claims fell to 215,000, coming in lower than expected. While the consumer staples sector and the Dow Jones saw declines, investor sentiment improved, shifting the CNN Fear and Greed Index into the Neutral zone. US stocks continued their gains in the final hour of trading following a soft inflation reading.
Spot gold prices declined as U.S. weekly jobless claims fell to 187k, beating forecasts and signaling labor market resilience that pressures non-yielding assets.
Read the full storyInvestors focus on weekly unemployment claims as a critical signal for Federal Reserve interest rate policy shifts.
NASDAQ index climbs 1.12% at the open, driven by 5% gains in AMD and Intel amid hopes for a regional cease-fire.
Initial jobless claims dropped to 208k last week, suggesting a 'slow hire, no fire' regime as companies maintain current staffing levels despite cooling payrolls.
US stocks climbed Tuesday as robust bank profits and an unexpectedly favorable inflation report bolstered investor sentiment and fueled a tech-led rally.
US tech stocks surged in late trading as lower-than-expected inflation data fueled investor optimism regarding a potential shift in Federal Reserve policy.
The Nasdaq index surged led by technology and semiconductor gains, while investor sentiment improved, shifting from fear to neutral territory.
US initial jobless claims fell to 215,000, beating estimates and fueling a tech-led rally in the Nasdaq index.