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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
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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.)