On April 4, tech stocks helped push up US markets as investors anticipated Friday’s job data release. The Nasdaq Composite was up 0.77 percent at 16,403.44 at 9:00 pm IST, while the S&P 500 was up 0.60 percent at 5,242.95. At 39,252.87, the Dow Jones Industrial Average also saw a 0.32 percent increase.
“Just 24 hours ahead of key payrolls data, a reading on jobless claims topped estimates — consistent with an uptick in job cuts that would help make the case for the Federal Reserve to start lowering rates. While the figures wouldn’t necessarily set the tone for trading, they also didn’t add more noise — especially after recent signs of labor-market strength” a Bloomberg report mentioned.
The DAX closed at 18,415.73, up 0.26 percent, while the FTSE was up 0.44 percent at 7,972.58. At 8,158.96, the CAC likewise saw flat-to-positive trading. The Hang Seng dropped 1.22 percent at 16,725.10, while the Nikkei finished 0.81 percent higher at 39,773.14.
Tech, automotive, and consumer durables stocks contributed to the Indian indices hitting new all-time highs. The Sensex closed 0.47 percent higher at 74,227.63, while the Nifty finished 0.36 percent higher at 22.514.65. The Nifty achieved a fresh 52-week high of 22,619.00 during the session, while the Sensex hit 74,501.73.
The FIIs/FPIs proceeded to sell for an additional day, netting Rs 1,136.47 crore, while the DIIs sold Rs 893.11 crore. At $89.28 per barrel, Brent saw a 0.08 percent decline as well.
