| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 39375.87 | 67.87 | 0.17% |
| S&P 500 | 5567.19 | 30.17 | 0.54% |
| Nasdaq | 18352.76 | 164.46 | 0.90% |
| VIX | 12.48 | 0.39 | 3.23% |
| Gold | 2396.60 | -1.10 | -0.05% |
| Oil | 83.05 | -0.11 | -0.13% |
US MARKET
US stocks hit new highs on Friday, driven by a favorable jobs report suggesting a possible Federal Reserve rate cut.
The S&P 500 rose 0.54%, and the Nasdaq increased by 0.9% and the Dow increased by 0.17%, with major tech companies leading gains.
The employment data showed 206,000 new jobs in June, but the unemployment rate rose to 4.1%, fueling expectations of reduced inflation and lower interest rates.
Meanwhile, Tesla’s stock surged over 25% after strong vehicle delivery figures, despite broader auto sector challenges.
LOCAL MARKET
The Australian stock market slightly dipped ahead of the US jobs update, with the S&P/ASX200 and All Ordinaries indices closing down 0.12% and 0.11%, respectively.
The market remained range-bound, gaining 0.7% over the week.
Healthcare led sector gains, while a significant incident at the Grosvenor coalmine spiked coal stocks.
Clinuvel Pharmaceuticals surged 15% after positive trial results. Major banks mostly fell, except ANZ, and the Australian dollar strengthened against the US dollar.
Bitcoin hit its lowest level since February.