Following the announcement of significantly weaker-than-expected jobs statistics, the S&P 500 increased on Wednesday as Treasury rates declined from multiyear highs.
Broad market index increased by 0.5%. While the Nasdaq Composite rose 1%, the Dow Jones Industrial Average increased by 100 points, or 0.3%.
The industry that performed the best, gaining by more than 1%, was consumer discretionary. Tesla and Carnival, which increased by 4% and 2.9%, respectively, respectively, led the sector gains.
On Wednesday, the S&P 500’s energy sector had the poorest performance. As oil prices fell, the stock prices of Marathon Petroleum, Valero Energy, Phillips 66, and APA all decreased by at least 4%.
Source (CNBC)
