Stock market today: Dow, S&P 500, Nasdaq rise after jobs report, Powell speech
Published On Mar 7, 2025, 2:37 PM
On March 7, 2025, US stocks experienced fluctuations as investors reacted to a weaker-than-expected job report, which revealed only 151,000 new jobs were added in February - below the anticipated 160,000. The unemployment rate also rose from 4% to 4.1%. Amidst these economic signals, markets are unsettled due to uncertainties regarding President Trump's trade policy and rising tariffs. The Federal Reserve Chair expressed that there is no hurry for interest rate cuts, contributing to a cautious market outlook. Despite overall market volatility, certain companies like Broadcom and McDonald's managed to post gains, driven by promising earnings forecasts and operational improvements, respectively.
Stock Forecasts
AVGO
Positive
Broadcom's strong second-quarter revenue forecast amid concerns for AI demand suggests robust performance ahead. The significant increase in its stock indicates investor confidence likely pushing prices higher in the short term.
MCD
Positive
McDonald's recent technology upgrades across its outlets are expected to bolster operational efficiency and customer experience, positioning the stock for further gains as it outperforms during economic uncertainty.
NVDA
Negative
Nvidia's stock has been declining due to competitive pressures and market concerns about AI valuations. The potential for further downward pressure persists, making this stock a likely candidate for continued selling as investor sentiment remains negative surrounding the tech sector.
TSLA
Negative
Tesla’s shares are expected to face challenges in recovering recent losses due to ongoing market uncertainties and diminishing enthusiasm surrounding post-election gains. This trend could lead to further price declines as the market reassesses valuation metrics.
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