Dow rises slightly on strong jobs data, but Middle East tensions hold it back.

From Investing.com: 2024-10-02 16:02:48

The Dow edged higher on Wednesday, boosted by strong jobs data, but was limited by rising tensions in the Middle East. The ADP National Employment Report showed a rise of 143,000 jobs in September, exceeding expectations and signaling economic strength. The Fed is closely monitoring the labor market amid uncertainties. Meanwhile, Middle East tensions escalated after Iran launched missiles at Israel, prompting promises of retaliation. Nike and Humana stocks dropped after disappointing earnings reports, while Tesla’s missed delivery estimates. Energy stocks gave up gains due to unexpected U.S. inventory build and Middle East concerns.



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