US EditionWall Street Soars To Records As Magnificent Seven Top $18 Trillion - Datadog (NASDAQ:DDOG)
- Wall Street rallied to record highs on Thursday as the S&P 500, Nasdaq, and Dow rose amid a holiday-shortened trading week with broad gains.
- The surge followed a stronger-than-expected June jobs report showing 147,000 new jobs added and unemployment falling to 4.1%, surpassing forecasts.
- Nvidia led the market rally by rising 1.3%, pushing its market capitalization to $3.89 trillion and approaching a $4 trillion valuation near Apple’s record.
- Datadog jumped 14.9% ahead of its S&P 500 inclusion, while Tripadvisor climbed 16.7% after activist Starboard Value acquired over 9% stake, indicating strong investor interest.
- Investors shrugged off dimming odds for a July rate cut, focusing on positive labor data and optimism despite tariff and inflation uncertainties ahead of the July 4 holiday.
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28 Articles
S&P 500, Nasdaq hit records on jobs data; Nvidia nears $4T | Honolulu Star-Advertiser
NEW YORK >> Wall Street rallied today to record closing highs, as chipmaker Nvidia rose closer to a $4 trillion valuation and a surprisingly strong U.S. jobs report cheered investors, who shrugged off dimming chances for an interest rate cut this month.
Wall Street Surges to Record Highs Amid Nvidia's Rise and Strong Jobs Report
Wall Street reached record highs as Nvidia's valuation neared $4 trillion and a strong U.S. jobs report was released. Investors showed optimism despite slim chances of an interest rate cut. The S&P 500, Nasdaq, and Dow all saw significant gains, with Nvidia on the verge of overtaking Apple in market value.
New York stock indexes ended the week on Thursday due to Independence Day on Friday. The S&P 500 and Nasdaq hit new records. Investor sentiment was boosted by some positive developments regarding tariffs, the budget and tax relief bill, and good economic reports.
Wall Street Cheers Solid Jobs Report
Stocks, bond yields, and the dollar all climbed Thursday after a stronger-than-expected June jobs report eased investor concerns about the U.S. economy. The Dow Jones Industrial Average rose 344 points, or 0.77%, while the S&P 500 gained 0.83% and the Nasdaq jumped 1.02%, with both the S&P and Nasdaq closing at record highs. The Dow ended just 186 points shy of its own all-time high ahead of the July Fourth holiday.The Labor Department reported …
Stocks hit record highs as job market surges
KEY TAKEAWAYS: U.S. employers added 147,000 jobs, beating expectations S&P 500 set a new record for the fourth time in five days Strong job data reduced odds of a Fed rate cut this month Datadog shares surged nearly 15% after S&P 500 inclusion U.S. stocks climbed further into record heights on Thursday after a report showed the U.S. job market looks stronger than Wall Street expected. The S&P 500 rose 0.8% and set an all-time high for the …
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