Dow snaps 5-day win streak; Nasdaq closes down 1% as tech skids

0
30

Stocks ended modestly lower Thursday, with the Dow Jones Industrial Average snapping a 5-day winning streak as investors awaited the release of the May jobs report. The Dow DJIA, -0.07% ended around 23 points lower near 34,577, a loss of 0.1%, according to preliminary figures. The blue-chip gauge had dropped by more than 260 points at its session low before bouncing back to trade in positive territory. The S&P 500 SPX, -0.36% fell around 15 points, or 0.4%, to close near 4,193, while the Nasdaq Composite COMP, -1.03% gave up around 142 points, or 1%, to finish near 13,615. The May jobs report, set for release at 8:30 a.m. Eastern on Friday, is expected to show nonfarm payrolls rose by 671,000, according to economists surveyed by Dow Jones and The Wall Street Journal. Investors were on tenterhooks after the April jobs report showed the creation of just 266,000 jobs, well below Wall Street’s consensus forecast of 1 million.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleAMC to ask shareholders for right to issue 25 million more shares
Next articleCrypto: Elon Musk breaks up with bitcoin? Cryptic tweet has some crypto bulls fearing the worst

LEAVE A REPLY

Please enter your comment!
Please enter your name here