Yahoo Finance
US stocks rose on Thursday as investors assessed a June jobs report that tempered expectations for the next move in interest rates.
The Dow Jones Industrial Average (^DJI) ticked up roughly 0.5%, while the S&P 500 (^GSPC) nudged up 0.3%.
The tech-heavy Nasdaq Composite (^IXIC) rose 0.2% followingWednesday's chip sector-led slide.
The spotlight is on the monthly jobs report after Federal Reserve Chairman Kevin Warsh urged Wall Street to look to data to help map out the path of interest rates, rather than looking to the central bank for forward guidance.
The nonfarm payrolls releasefell shortas the economy added 57,000 jobs in June, compared with the 113,000 expected.
The unemployment rate came in at 4.2%, versus the 4.3% forecast.
The cooler jobs reading broke a three-month hot streak, supporting the case forthe Fed to continue to holdrates steady, but keep a hike in play for later in the year.
Elsewhere, pressure on techs lingered after a sell-off in South Korean chipmakers helped drive a 7.9% plunge for the Kospi (^KS11) stock benchmark.
Shares in memory makers SK Hynix (000660.KS) and Samsung Electronics (005930.KS,SSNLF), which each recentlylaid out massive AI investments, sank over 14% and 9%, respectively.
Markets are also weighing signs that US-Iran talks may be starting to emerge from another rough patch.Oil prices fellafter mediator Qatar said this week's discussions were positive, despite the lack of a breakthrough..
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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