Equity Markets Fall After Latest Unemployment Data — TradingView News

Markets in China and Hong Kong are closed today, Tuesday, October 1, 2024

US benchmark equity indexes were on track to close lower Thursday following the weekly unemployment insurance data and a day after the Federal Reserve decided to keep interest rates unchanged.

The Dow Jones Industrial Average fell 0.1% to 41,921.9, while the Nasdaq Composite dropped 0.5% to 17,662.7. The S&P 500 was down 0.3% to 5,657. The energy sector had the biggest gains while technology saw the steepest decline.

Darden Restaurants DRI was the top performer on the S&P 500 with shares up nearly 6%. Wells Fargo and Baird raised price targets on the company’s stock, despite missing fiscal Q3 revenue estimates.

Jabil JBL increased its full-year outlook after reporting better-than-expected fiscal Q2 results. Its shares were up 3.3%.

Plus Therapeutics PSTV shares jumped nearly 189% after it said the US Food and Drug Administration conditionally accepted the proprietary name for its lead tumor therapy candidate.

Accenture ACN was the worst performer on the S&P 500 with shares dropping 7.5%. Chief Executive Julie Sweet said the company’s revenue is being hurt by the Trump administration’s efforts to slash US federal government costs.

The 10-year US Treasury yield lost 2.3 basis points to 4.23%, while the two-year rate was down 2 basis points to 3.96%.

May West Texas Intermediate crude oil was up 1.9% at $68.20 a barrel.

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