"Tech Earnings and Jobs Report Propel Nasdaq and S&P to Gains"

1 min read
Source: Seeking Alpha
"Tech Earnings and Jobs Report Propel Nasdaq and S&P to Gains"
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TL;DR Summary

The Nasdaq, S&P, and Dow advanced on the back of a stronger-than-expected non-farm payrolls report and strong earnings from Meta Platforms and Amazon. However, Apple's disappointing results in China tempered the Dow's gains. The non-farm payrolls report showed a significant upside surprise, with payrolls at +353K and an unemployment rate of 3.7%. Additionally, the 10-year Treasury yield rose to 4.03%, and the 2-year yield increased to 4.37%. Consumer sentiment improved, while December factory orders slightly missed expectations.

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