US Stocks Remain Steady Amid Cooling Labor Market
Key Points: US stocks traded steadily, the Dow Jones rose by 0.11%, the S&P 500 declined by 0.08%, and the NASDAQ Composite saw a marginal decline of 0.02%. Unemployment claims rose to 229,000, exceeding expectations and suggesting a cooling labor market. Nvidia surpassed Apple in market cap and is nearing Microsoft's valuation, driven by strong AI prospects. Crude oil prices edged higher but are on track for weekly losses, influenced by OPEC’s output plans and increased U.S. crude stocks. U.S....