VWO - Asia Up Europe Markets Down Gold Hovers Near Record High - Global Markets Today While Us Slept | Benzinga
On Thursday, March 7th, U.S. markets closed in higher, with the S&P 500 hitting a record high, up 1%, and the Nasdaq climbing 1.5%, driven by tech and growth stocks amid growing optimism for Federal Reserve rate cuts.
In economic data, U.S. jobless claims held steady at 217,000, above forecasts of 215,000, while the trade deficit widened to $67.4 billion in January from $63.5 billion.
Of the 11 major S&P 500 sectors, nine advanced, with technology and communications services leading, while financial and real estate stocks declined.
The Dow Jones Industrial Average gained 0.34% to close at 38,791.35. The S&P 500 ...