Stock Market Update
07-Mar-25 10:05 ET
Buy-the-dip response after losses this week
Dow +89.52
at 42668.29,
Nasdaq +90.81
at 18160.07,
S&P +18.23
at 5756.75
[BRIEFING.COM] The S&P 500 (+0.3%) and Nasdaq Composite (+0.5%) trade higher, reflecting some buy-the-dip interest after this week's losses. The Employment Situation Report for February hasn't moved the market that much.
The report wasn't great, but wasn't bad either. Nonfarm payroll growth was slightly lower than expectations and the unemployment rate ticked higher. There was a turbulent response in Treasuries, but yields are roughly unchanged from levels seen ahead of the 8:30 ET release now. The 10-yr yield is at 4.26% and the 2-yr yield is at 3.94%.
Strength in the semiconductor space has boosted the equity market following solid results and guidance from Broadcom (AVGO 188.48, +9.02, +5.0%). This price action has propelled the technology sector (+0.8%) toward the top of the leaderboard among the 11 sectors.
