Wall Street: US markets largely stable at the end of the week
Robust US labor market data and falling oil prices have sent positive signals - but investors are still reacting calmly at the start of trading. Analysts remain optimistic.
US stock markets showed slight optimism after a news-heavy week, with the Dow Jones falling slightly to 51,682 points, while the S&P 500 remained almost unchanged at 7,650 points. The Nasdaq Composite rose 0.4% to 26,522 points, and the Nasdaq 100 gained 0.7% to 29,644 points. The robust US job market data, with initial unemployment claims falling to 196,000, better than expected, contributed to the positive sentiment.
The Federal Reserve's message that the US economy can combat inflation without significantly impacting the job market also supported the market. Oil prices continued to decline, with Brent crude falling 1% to $103.80 per barrel.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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