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US: Wall Street steadies after labour market data; Nvidia boosts Nasdaq

Published Thu, Jun 6, 2024 · 09:52 PM
    • The Dow Jones Industrial Average rose 18.07 points, or 0.05%, at the open to 38,825.40.
    • The Dow Jones Industrial Average rose 18.07 points, or 0.05%, at the open to 38,825.40. PHOTO: REUTERS

    THE S&P 500 and the Dow opened little changed on Thursday (Jun 6) after jobless claims data indicated growing weakness in the US labour market, while gains in AI-favourite Nvidia boosted the Nasdaq.

    Chipmaker Nvidia rose 0.8 per cent, after crossing US$3 trillion in market valuation in the previous session.

    The Dow Jones Industrial Average rose 18.07 points, or 0.05 per cent, at the open to 38,825.40.

    The S&P 500 opened higher by 3.77 points, or 0.07 per cent, at 5,357.80, while the Nasdaq Composite gained 16.97 points, or 0.10 per cent, to 17,204.87 at the opening bell. REUTERS

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