Market Snapshot: U.S. stocks climb after July jobs report as S&P 500, Nasdaq look to snap 3-day losing streak

by | Aug 4, 2023 | Stock Market

U.S. stocks trudged higher on Friday as the S&P 500 and Nasdaq Composite attempted to snap a three-day losing streak while investors parsed the July jobs report from the Department of Labor along with Big Tech earnings from Amazon and Apple. What’s driving markets
The Dow Jones Industrial Average
rose 176 points, or 0.5%, to 35,392.

The S&P 500
gained 22 points, or 0.5%, to 4,525.

The Nasdaq Composite
advanced 97 points, or 0.7%, to 14,055.

The S&P and Nasdaq both have declined for three straight trading days through Thursday’s session. And all three major indexes quoted above were on track to book a weekly loss to kick off August.

What’s driving markets Friday’s July jobs report offered up what many analysts described as a mixed bag for the stock market, with the pace of job creation slowing while wage growth remained robust. Data showed 187,000 new positions were created last month, the slowest pace since December 2020. Numbers for June and May were also revised lower by a combined 49,000. At the same …

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