S&P 500, Nasdaq Snag Record Closes Ahead Of August Jobs Report

The Dow finished the day up 131 points, snapping a three-day losing streak, while the S&P 500 and Nasdaq both eked out record closes. Ahead of tomorrow's highly anticipated August jobs report, initial jobless claims for last week came in at 340,000 -- a new pandemic-era low and below analyst estimates of 345,000. Elsewhere, U.S. factory orders rose a higher-than-expected 0.4% in July. 

The Dow Jones Average (DJI - 35,443.82) gained 131.3 points or 0.4%. Walgreens Boots Alliance (WBA) led the Dow winners today with a 3% gain, while Visa (V) paced the laggards with a 2.6% loss.

The S&P 500 Index (SPX - 4,536.95) added 12.9 points or 0.3%, while the Nasdaq Composite (IXIC - 15,331.18) jumped 21.8 points, or 0.1%.

Lastly, the Cboe Volatility Index (VIX - 16.41) rose 0.3 points or 1.9%.

closing index summary sept 2

NYSE and Naasdaq Sept 2

earnings sept 2

uvol sept 2

OIL JUMPS TO HIGHEST LEVEL IN A MONTH

Oil prices rose to their highest level in a month, despite the commodity grappling with a drop in inventory on the heels of Hurricane Ida and newCovid-19 variants. October-dated crude rose $1.40, or 2%, to settle at $69.99 a barrel. 

Gold prices fell for the second day, as investors await tomorrow's jobs data for direction. December-dated gold lost $4.50, or nearly 0.3%, to settle at $1,811.50 an ounce. 

Disclaimer: Copyright © 2021 S&P Dow Jones Indices LLC, a division of S&P Global. All rights reserved. This material is reproduced with the prior written consent of S&P DJI. Please ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.