Stock Market Mixed on Thursday: Nasdaq up 0.8%, S&P 500 up 0.5%, Dow Jones industrial average unchanged
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The markets showed a mixed picture on Thursday amidst investors analyzing jobs data and the Chinese economy. While the tech-heavy Nasdaq gained 0.8%, the broader S&P 500 rose a more modest 0.5% and the Dow Jones Industrial Average treaded water near the unchanged mark.
In other markets, the U.S. dollar lost ground and benchmark 10-year Treasury yields edged up slightly. Oil prices nudged upward as well, with U.S. crude settling just above $70 per barrel after hitting multi-month lows this week.
On the data front, jobless claims came in line with expectations while Chinese trade figures indicated a drop in imports.
Looking ahead, diversifying into reliable assets remains prudent even as riskier ones like Bitcoin slide. Steady gains from broad-based investments tend to win out over speculation in the long run.