From Nasdaq MarketSite: 2025-02-06 20:01:11

The China stock market rebounded on Thursday after a two-day decline, with the Shanghai Composite Index closing just above 3,270 points. Global markets were mixed, with Asian markets expected to follow suit. The SCI rose 1.27 percent, led by gains in oil and energy companies. The Shenzhen Composite Index also surged. On Wall Street, the Dow fell while the NASDAQ and S&P 500 posted gains. Traders await the release of the Labor Department’s jobs report, which could impact the Federal Reserve’s rate outlook. U.S. unemployment claims rose more than expected, and crude oil prices dropped as President Trump vowed to increase production.



Read more at Nasdaq MarketSite: China Shares May Crack 3,300-Point Barrier