"The markets are shrugging off mixed signals from the labor market as all three of the major stock market averages advance. With the Dow Jones Industrial Average now hovering above the 50,000 threshold, market sentiment is hinting toward bullish. The Nasdaq Composite is being propelled higher by Micron Technology ( Nasdaq: MU) and Nvidia ( Nasdaq: NVDA) while Cisco ( Nasdaq: CSCO) and Netflix ( Nasdaq: NFLX) are dragging lower."
"The labor market continues to send mixed signals. After yesterday's stronger than expected jobs report in which the unemployment rate edged lower, more Americans are gathering at the unemployment line. Over 227,000 job seekers filed for unemployment over the past week, surpassing economist expectations calling for a range closer to 222,000. Here's a look at where things stand as of morning trading: Dow Jones Industrial Average: 50,406.74 Up 285.34 (+0.57%) Nasdaq Composite: 23,127.50 Up 55.22 (+0.24%) S&P 500: 6,967.75 Up 26.28 (+0.36%)"
Markets are shrugging off mixed labor-market signals as all three major stock averages advance and investor sentiment tilts bullish. The Dow Jones Industrial Average hovers above 50,000, while the Nasdaq Composite gains led by Micron Technology and Nvidia as Cisco and Netflix weigh on performance. Weekly jobless claims rose to over 227,000, exceeding economist expectations near 222,000 despite a recent stronger-than-expected jobs report that showed a slightly lower unemployment rate. Morning trading levels show the Dow at 50,406.74 (+0.57%), Nasdaq at 23,127.50 (+0.24%) and the S&P 500 at 6,967.75 (+0.36%). Notable movers include Sandisk, Coinbase, Nebius Group, and McDonald's.
Read at 24/7 Wall St.
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