February 5, 2024 6:51 AM | 1 min read
S&P 500 Hits All-Time High!
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On Friday, February 2nd, U.S. stock markets closed higher, driven by robust earnings and a strong January jobs report that bolstered economic confidence.
In economic data, January’s non-farm payrolls surged by 353,000, surpassing December’s revised 333,000 and expectations of 180,000. Unemployment held at 3.7%, beating forecasts of 3.8%, while average hourly earnings grew by 0.6%, exceeding the prior 0.4% and the expected 0.3%.
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Among the 11 S&P 500 sector indexes, six recorded gains, with communication services topping the list, closely followed by consumer discretionary.
The Dow Jones Industrial Average gained 0.35% and closed at 38,654.42, the S&P 500 climbed 1.07% to 4,958.61, while the Nasdaq Composite rose 1.74%, ending the session at 15,628.95.
Asian Markets Today
- On Monday, Japan’s Nikkei 225 index closed the session higher by 0.63% at 36,354.16,
- Australia, the S&P/ASX 200 was down 0.95% and closed at 7,625.90,
- India’s Nifty 50 closed lower by 0.38% at 21,771.70, and the Nifty 500 fell 0.29% to 19,853.50.
- China’s Shanghai Composite slipped 1.02% to 2,702.19, while the Shenzhen CSI 300 gained 0.65%, closing at 3,200.42.
- Hong Kong’s Hang Seng Index declined 0.15%, concluding the day at 15,510.01.
Eurozone at 06:15 AM ET
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- The European STOXX 600 index was up 0.28%.
- Germany’s DAX gained 0.25%.
- France’s CAC rose 0.07%.
- U.K’s FTSE 100 traded higher by 0.40%.
Commodities at 06:15 AM ET
- Crude Oil WTI was trading lower by 0.73% at $71.74/bbl, and Brent was down 0.56% at $76.91/bbl.
- Natural Gas gained 0.67% to $2.093.
- Gold was trading lower by 0.57% at $2,042.00, Silver declined 1.04% to $22.558, while Copper fell 0.53% to $3.8013.
US Futures at 06:15 AM ET
Dow futures were down 0.23%, S&P 500 futures slid 0.18%, and Nasdaq 100 Futures fell 0.10%.
Forex at 06:15 AM ET
The U.S. Dollar Index was up 0.32% to 104.26, USD/JPY gained 0.01% to 148.38, and AUD/USD rose 0.12% to 1.5378.
Photo by Markus Spiske on Pexels
S&P 500 Hits All-Time High!
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