Green Wall Street Technology Gathering

Green Wall Street Technology Gathering

The Dow Jones industrial average rose 0.17 percent to 39,375.87 points. The S&P 500 closed up 0.54 percent at 5,567.19 points, a new record, and the tech-heavy Nasdaq rose 0.90 percent to 18,352.76 points, also a new record.

For the S&P 500, this is the 34th record high so far in 2024, according to CNBC.

The yield on the 10-year U.S. Treasury note is 4.281 percent. The VIX, also called the fear index, rose 1.90 percent to 12.32.

Big Tech Gathering

Meta rose 5.87 percent, Alphabet rose 2.57 percent, Apple rose 2.16 percent and Microsoft rose 1.47 percent. Amazon rose 1.22 percent.

Nvidia shares fell 1.91 percent after rising about 5 percent on Thursday. Advanced Micro Devices Inc. rose 4.88 percent.

Tesla shares rose 2.08 percent after a market update on Tuesday showed the company delivered 443,956 vehicles in the second quarter, versus the 439,302 expected.

precise

On Friday, what is often called the most important key number of the month was released – the “non-farm payrolls”, which show employment outside of agriculture in the United States. It rose by 206,000 jobs in June, compared to the expected 190,000.

The unemployment rate was 4.1 percent in June, compared to 4.0 percent in May. Higher unemployment gives hope for lower inflation, and thus lower interest rates.

But the figure for the previous month was revised sharply down from 272,000 to 218,000. Overall, far fewer jobs were created than expected.

oil

U.S. West Texas Intermediate crude fell 0.91 percent to $83.12 a barrel. Brent North Sea spot crude fell 1.04 percent to $86.61 a barrel.

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Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

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