Business Standard

Friday, December 20, 2024 | 07:21 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Growth stocks lead Wall St higher in choppy trade; eyes on jobs report

Microsoft down after trimming forecast due to FX impact; consumer discretionary and materials were the top gainers, up 1.9% and 2.1%, respectively

Photo: Bloomberg
Premium

Photo: Bloomberg

Reuters
U.S. stock indexes rose in choppy trading on Thursday led by Tesla and other growth stocks, with investor focus on Microsoft's forecast cut and comments from a Federal Reserve official ahead of a key jobs report due on Friday.

Six of the 11 major S&P sectors advanced. Consumer discretionary and materials were the top gainers, up 1.9% and 2.1%, respectively. Chipmakers added 2.0%, with Nvidia Corp climbing 5.9%.

U.S. stocks hit session lows earlier in the day after Fed Vice Chair Lael Brainard said she backs at least a couple more half percentage point interest rate hikes, and sees little case for

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in