TREE NEWS reports: On the day the US released its nonfarm payrolls report, the S&P 500 fell about 0.2% cumulatively while the Dow dropped 1.2% and the Nasdaq 100 gained 0.6%. The Philadelphia Semiconductor Index rose 3.8% and a memory-chip index jumped 10.8%, while the Philadelphia Bank Index fell 2.7% and the biotech index lost 1.9%. In preliminary close, the S&P 500 gained 0.7% and the Nasdaq 100 rose 1%, with Teradyne up 8.1% and SpaceX up 7.6%.
US Stocks Mixed on Jobs Report Day; Nasdaq 100 Up 1%, Dow Down 1.2%
AI take
The dispersion matters more than the headline index moves: semis and memory names rallied hard while banks and biotech sold off, a rotation that points to growth and AI-adjacent exposure being rewarded at the expense of rate-sensitive and defensive sectors. Teradyne's strength fits that read, and the SpaceX move suggests private-market enthusiasm is bleeding into listed proxies. Whether this chip-led leadership persists once the payrolls print is fully digested — and whether the bank and biotech weakness broadens — is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
7m ago
US Coast Guard Says It Intercepted Cargo Ship Carrying Fuel to Cuba
12m ago
Economists Warn US Diesel Export Ban Could Push UK Inflation to 5%
19m ago
10-Year Treasury Yield Rises 11 Basis Points on the Week; 2-Year Gains 3 Basis Points on Jobs Day
41m ago
FTSE China A50 Futures Close 0.14% Higher at 13,830 in Night Session
43m ago
Pakistani Officials: Indian Border Forces Kill Two Civilians at Punjab Border
49m ago
US Equity Futures Close Higher on Nonfarm Payrolls Day; Nasdaq 100 Leads