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S&P 500, Dow Edge Up Ahead of US Jobs Data Release

  • 07 Jan 2025 11:02 AM
  • stock market, S&P 500, market analysis

On Tuesday, both the S&P 500 and Dow Jones Industrial Average saw slight increases, as traders prepared for the upcoming release of US jobs data. The S&P 500 rose by over 0.39%, while the Nasdaq Composite and Dow Jones gained 0.26% and 0.38%, respectively. Nvidia, Walt Disney, Boeing, Nike, and Coca-Cola were some of the key gainers, with Nvidia's stock rising 1.5%. However, companies like Amazon, Goldman Sachs, and Salesforce faced declines after a Monday rally. The market will close on Thursday to honor former President Jimmy Carter’s passing.

In early trading, six of the 11 sectoral indices showed gains, with healthcare and materials leading, while information technology and consumer discretionary sectors lagged. Crude oil prices rose 0.88% to $76.97 per barrel, and spot gold saw a 0.97% increase, reaching $2,662.09 an ounce. The British Pound rose by 0.2%, while the Japanese yen remained largely unchanged. Bitcoin also fell 0.9% to $100,741.47.

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