Dow Jones, Nasdaq, S&P 500 weekly preview: Markets brace for Magnificent 7 reports
The index climbed 0.56%, closing at 18,518.61. Meanwhile, the S&P 500 slipped slightly by 0.03% to finish at 5,808.12, and theDespite the Nasdaq’s seventh consecutive weekly gain, advancing nearly 0.2%, both the S&P 500 and the Dow saw their six-week winning streaks come to an end. The S&P 500 was down nearly 1% for the week, while the Dow declined 2.7%.
“Next week’s October jobs report is critical after September showed an unexpected acceleration in job growth and decline in the unemployment rate,” Citi strategists said in a note. “Markets may fail to find a clear direction until after Friday’s jobs report and the presidential election the following week,” strategists noted.
Investors are particularly keen to see whether these tech giants' hefty investments in artificial intelligence are starting to pay off.
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