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Symbols
Symbols
Price
Change
% Change
Trend
Prev Close
Open
High
Low
Volume
Mkt Cap
SIXY
Discretionary
SIXY
Discretionary
SIXY
+1.11%
2,224.32
+24.35
+1.11%
—2,199.972,216.782,236.732,216.45——
SIXT
Technology
SIXT
Technology
SIXT
+1.00%
4,025.28
+39.75
+1.00%
—3,985.534,038.504,056.824,016.18——
SIXI
Industrials
SIXI
Industrials
SIXI
+0.78%
1,714.34
+13.27
+0.78%
—1,701.071,709.441,724.941,703.48——
SIXB
Materials
SIXB
Materials
SIXB
+0.67%
1,038.96
+6.96
+0.67%
—1,032.001,034.871,049.021,034.87——
SIXU
Utilities
SIXU
Utilities
SIXU
+0.37%
806.70
+2.99
+0.37%
—803.71805.29813.77804.02——
US market summary
United States stock indexes rallied after nonfarm payrolls for September revealed an addition of just 29,000 jobs, falling far short of Wall Street forecasts. The sluggish hiring figures along with an uptick in the unemployment rate to 4.2% led market participants to significantly lower their expectations for an impending interest rate hike by the Federal Reserve.
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Technology sector strength lifts major indexes to closing gains
The tech-heavy Nasdaq Composite led Wall Street higher, jumping 1.2% and reaching an intraday record high during the trading session. Mega-cap technology heavyweights, particularly semiconductor frontrunner Nvidia, provided strong upward momentum that helped offset ongoing domestic macroeconomic uncertainties.
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Treasury yields retreat from multi-decade highs following soft labor data
U.S. government bond yields pulled back slightly from extreme multi-decade peaks in response to the downbeat employment report. Investors experienced some relief as the intense bond market sell-off cooled down, following a volatile stretch where the 10-year Treasury yield had surged to heights not seen since 2007.
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Nike faces downward pressure following downbeat revenue forecasts
Shares of the athletic apparel retailer faced significant headwinds after the company reported mixed first-quarter fiscal results. Although earnings per share topped estimates, a misses on top-line revenue and a downwardly revised high-single-digit sales outlook for the fiscal year aggravated existing concerns regarding retail operations.
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