Mixed performance on Wall Street, Nasdaq up, Dow down, job growth slowing

From CNBC: 2024-07-05 05:14:00

Wall Street closed mixed on Wednesday, with the S&P 500 and Nasdaq up, while the Dow fell slightly. The Nasdaq hit new highs with Tesla leading gains. Economic data showed job growth slowdown. The CBOE Volatility Index inched up. On Thursday, trading was halted for Independence Day celebrations.

The Dow closed at 39,308.00, with 17 gainers and 13 losers. The Nasdaq soared to 18,188.30, driven by tech giants like Tesla, which rose 6.5%. The S&P 500 hit 5,537.02 with technology sectors rising and health care falling. The fear-gauge VIX nudged up to 12.11.

Economic data showed job growth at 150,000 in June and initial claims rising to 238,000. The ISM’s services PMI fell to 48.8% in June, indicating contraction. New orders for manufactured goods dropped by 0.5% in May, while the trade deficit was $75.1 billion.

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Read more at CNBC: Stock Market News for Jul 5, 2024