US equity markets closed with divergent signals on Thursday as fresh labor market data reshaped sector positioning.
The Dow Jones Industrial Average reached a new closing high, supported by the resilience of the US economy, while the Nasdaq Composite retreated as investors rotated away from high-growth technology names.
3%, underscoring continued stability in employment conditions despite broader economic uncertainty.
The market move followed the release of US nonfarm payrolls for April, which surged by 115,000 jobs.
This figure more than doubled the 55,000 increase forecast by Dow Jones consensus estimates, signaling unexpected strength in the labor market.
The unemployment rate held steady at 4.3%, underscoring continued stability in employment conditions despite broader economic uncertainty.
The stronger-than-anticipated payroll print weighed on the Nasdaq, where semiconductor and artificial intelligence-related stocks faced renewed selling pressure.