Investors sold off riskier assets on Thursday, as worries about the direction of the US economy grew.
As a result, the Nasdaq Composite fell. The benchmark with a high tech content fell 0.1%. The Dow Jones Industrial Average up 72 points, or 0.2%, and the S&P 500 up 0.1% and 0.2%, respectively.
Amidst renewed economic concerns, investors sold off prominent technology and semiconductor equities.
The two lowest were Nvidia and Advanced Micro Devices. latest information on the labour market Concerns about whether the Federal Reserve is lagging behind in rate decreases remain, and Thursday’s signals regarding the state of the US economy were mixed.
A weakening labour market is being feared as private payroll data revealed the lowest growth since 2021. But compared to the prior week, weekly claims for jobless benefits fell.
Source (CNBC)
