Major U.S. stock indexes experienced a shaky start to the week, rebounded following Friday’s jobs report, but ultimately closed with losses. The Dow saw its weekly performance decline by approximately 1%, while the S&P 500 and NASDAQ suffered even greater losses, with both posting a weekly drop of over 2%.
The growth in the U.S. labor market showed signs of moderation, as it added 187,000 new jobs in July. Although this number fell short of the estimated 200,000, it was consistent with June’s revised gain of 185,000. The unemployment rate also decreased to 3.5%, maintaining its proximity to the 50-year low.
Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent gain of 417 points, reaching a closing value of 13,909 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, adding 69 points to settle at 4,409 points. Meanwhile, DJIA Index experienced a notable surge, adding by 1,338 points during the week and concluding at 35,065 points after a week of gains.
In contrast, Russell 3000 Index saw a gain in week performance, with a gain of 88 points to reach 2,578 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable gain of 136 points, ending the week at a steady 1,957 points.
