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The Economic Times
The Economic Times
Business
Anupam Nagar

US Stock Market: Jobs data, Broadcom results to test stock rally near record highs

A fresh batch of U.S. labour-market data and quarterly results from semiconductor giant Broadcom are set to test a stock-market rally that has pushed U.S. equities close to record levels.

The S&P 500 posted a weekly gain and ended just over 1% below its August 13 record high. Investor sentiment was boosted by a stronger-than-expected quarterly report from artificial intelligence leader Nvidia, helping markets recover from an earlier pullback triggered by rising Treasury yields.

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