Overview

• The S&P 500 rose 1.9% and the Nasdaq jumped over 2% following the positive labor market data.
• The Dow Jones Industrial Average increased by 1.8%, reflecting broad market gains.
• Weekly jobless claims fell by 17,000, beating economist forecasts of 240,000.
• Continuing claims for unemployment benefits reached their highest level since November 2021 at 1.88 million.
• Tech stocks, including Nvidia, led the market rebound, with significant gains across the sector.