US Markets Surge as Job Reports Exceed Expectations: Dow Jumps 564 Points, Philly Semiconductors Rise 3.52%
Robust employment reports have bolstered market confidence along with news of potential US-China negotiation renewals. On February 2, all four major US indices closed higher. The Dow Jones Industrial Average soared by 564.47 points, or 1.39%, finishing at 41,317.43 points. The S&P 500 increased by 82.53 points, or 1.47%, to close at 5,686.67 points. The tech-heavy Nasdaq rose by 266.99 points, or 1.51%, closing at 17,977.73 points. The Philadelphia Semiconductor Index gained 149.39 points, or 3.52%, to end at 4,397.05 points.
