| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 40563.06 | 554.67 | 1.39% |
| S&P 500 | 5543.22 | 88.01 | 1.61% |
| Nasdaq | 17594.50 | 401.89 | 2.34% |
| VIX | 15.23 | -0.96 | -5.93% |
| Gold | 2492.60 | 0.20 | 0.01% |
| Oil | 77.91 | -0.25 | -0.32% |
US MARKET
Stock indexes climbed on Thursday, buoyed by positive retail and jobless claims data alongside a decrease in inflation concerns. Retail sales surged 1% in July, led by auto and electronics, exceeding expectations. This rise, along with a drop in jobless claims to 227,000, helped lift investor spirits. Treasury yields increased after inflation cooled to 2.9% in July.
Market optimism was reflected in the rise of major indexes with the S&P 500 up by 1.61%, Dow Jones by 1.39%, and Nasdaq by 2.34%. Meanwhile, Berkshire Hathaway adjusted its portfolio, China’s demographic changes impacted its economy, and falling interest rates spurred mortgage refinancing.
In the commodities market, oil and gold prices increased, and Bitcoin saw a modest rise.
LOCAL MARKET
The Australian share market extended its gains for the fifth day, inching up as a strong jobs report tempered expectations for near-term interest rate cuts.
The S&P/ASX200 and All Ordinaries indices rose slightly by 0.19% and 0.17%, respectively, after July’s employment figures exceeded forecasts with 58,000 new jobs, nudging the unemployment rate to 4.2%.
This robust job growth sparked a rise in the Australian dollar and shifted market expectations, leading to mixed sector performances and influencing views on future monetary policy.