US30 Show Strong Performance!

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 US stocks closed little changed after posting big losses early in the trading session in response to Friday's NFP jobs data.


Investors are now gearing up for another busy week with the release of key data and bank earnings reports.


The Dow Jones Industrial closed up 0.3% to 33,586.63, while the S&P 500 rose slightly to 4,109.12 and the Nasdaq was dismal at 13,051.23.


The US30 index was stronger at around 33,620 during the Asian trading session.



The NFP report shows that the labor market in the US remains strong even though job growth is seen to continue to slow in March.


Inflation data and the FOMC meeting minutes report that will be released this week will be the next focus of investors.


Meanwhile on Friday, several large banks including Wells Fargo will release earnings reports for the first quarter.


Among the stocks that showed strong performance earlier in the week were shares of chip makers such as Micron Technology, which jumped 8% after Samsung announced it would cut production.


In addition, technology stocks failed to perform well, with Apple and Alphabet (Google) falling 1.6% and 1.83% respectively.

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