Standard and Poor's 500 and and Nasdaq Composite close at record highs

Lola Evans
04 Jul 2025, 01:59 GMT+10

Dow Jones Industrial Average (^DJI): Gained 344.11 points (0.77 percent) to 44,828.53.
Nasdaq Composite (^IXIC): Jumped 207.97 points (1.02 percent) to 20,601.10.
Standard and Poor's 500 (^GSPC): Rose 51.93 points (0.83 percent) to 6,279.35.

NEW YORK, New York -U.S. stock markets closed with broad gains on Thursday, led by strong performances in U.S. tech stocks, while European and Asian indices showed mixed movements.

The Nasdaq Composite and Standard and Poor's 500 hit new record highs following release of a favorable jobs report.

Nvidia closed with a market capitalization of $3.89 trillion, soon to eclipse Apple as the world's most valuable company.

"We are seeing a real bout of irrational exuberance; the stock market is very biased towards optimism," Kristina Hooper, Chief Market Strategist at Man Group in New York told CNBC Thursday. "But there's some basis for it. I think there is some level of relief because the jobs report was not as weak as it could have been."

U.S. Markets Rally

Standard and Poor's 500 (^GSPC): Rose 51.93 points (0.83 percent) to 6,279.35
Dow Jones Industrial Average (^DJI): Gained 344.11 points (0.77 percent) to 44,828.53
Nasdaq Composite (^IXIC): Jumped 207.97 points (1.02 percent) to 20,601.10

Canada Advances

S&P/TSX Composite (Canada) (^GSPTSE): Up 164.60 points (0.61 percent) to 27,034.26

UK and European Markets Mostly Higher

FTSE 100 (^FTSE): Up 48.51 points (0.55 percent) to 8,823.20
DAX (^GDAXI): Added 144.02 points (0.61 percent) to 23,934.13
CAC 40 (^FCHI): Edged up 16.13 points (0.21 percent) to 7,754.55
EURO STOXX 50 (^STOXX50E): Climbed 24.43 points (0.46 percent) to 5,343.15
Euronext 100 (^N100): Increased 3.87 points (0.25 percent) to 1,581.23
BEL 20 (^BFX): Declined 6.67 points (0.15 percent) to 4,486.13

Asia and Pacific Mixed

SSE Composite (China) (000001.SS): Edged up 6.36 points (0.18 percent) to 3,461.15
Nikkei 225 (Japan) (^N225): Inched up 23.42 points (0.06 percent) to 39,785.90
Hang Seng Index (^HSI): Fell 151.47 points (0.63 percent) to 24,069.94
STI Index (Singapore) (^STI): Gained 8.80 points (0.22 percent) to 4,019.57
S&P/ASX 200 (^AXJO): Slipped 1.90 points (0.02 percent) to 8,595.80
All Ordinaries (Australia) (^AORD): Rose 4.90 points (0.06 percent) to 8,833.60
S&P BSE SENSEX (India) (^BSESN): Dropped 170.22 points (0.20 percent) to 83,239.47
IDX COMPOSITE (Indonesia) (^JKSE): Down 3.19 points (0.05 percent) to 6,878.05
FTSE Bursa Malaysia KLCI (^KLSE): Fell 1.22 points (0.08 percent) to 1,548.99
S&P/NZX 50 (New Zealand) (^NZ50): Declined 79.81 points (0.62 percent) to 12,704.48
KOSPI (South Korea) (^KS11): Surged 41.21 points (1.34 percent) to 3,116.27
TWSE (Taiwan) (^TWII): Gained 135.23 points (0.60 percent) to 22,712.97