US stocks finished a volatile session lower on Friday, as the chip stocks rally lost steam. Nvidia's shares fell by 5.4%, leading to declines in the S&P 500 and Nasdaq 100, which dipped by 0.6% and 1.5%, respectively, retreating from their new highs. The Dow Jones also lost 68 points, but a 1% rise in shares of Apple limited the losses of the blue-chip index, with the mega cap stock snapping its seven-day losing streak. Also, traders digested the latest jobs report which reinforced bets the Fed could start cutting interest rates in June. The February payroll figure came above forecasts but job gains in both January and December were revised sharply lower, the unemployment rate unexpectedly increased. Among stocks, Broadcom slid 7% as the company's full-year forecast failed to impress investors and the quarterly profit missed estimates. On the week, the S&P dipped 0.2% and the Nasdaq fell 1%. Meanwhile the Dow Jones lost 0.7% to book its worst week since October.
The main stock market index in the United States (US500) increased 358 points or 7.50% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from United States. Historically, the United States Stock Market Index reached an all time high of 5189.26 in March of 2024. United States Stock Market Index - data, forecasts, historical chart - was last updated on March 9 of 2024.
The main stock market index in the United States (US500) increased 358 points or 7.50% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from United States. The United States Stock Market Index is expected to trade at 5065.29 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4961.24 in 12 months time.