Active Stocks
Tue Nov 28 2023 15:55:00
  1. Tata Steel share price
  2. 126.85 0.75%
  1. Tata Motors share price
  2. 697.6 3.56%
  1. Power Grid Corporation Of India share price
  2. 210.15 -0.19%
  1. ICICI Bank share price
  2. 926.05 -0.33%
  1. State Bank Of India share price
  2. 564.55 0.76%
Business News/ Markets / Stock Markets/  Global markets update: US stocks jump after dip in job openings raises hopes of pause in Fed rate hike
Back Back

Global markets update: US stocks jump after dip in job openings raises hopes of pause in Fed rate hike

S&P 500 gains 1.45%, Nasdaq Composite rises 1.74%, Dow Jones Industrial Average surges 0.85s%

The yield on the 10-year treasury eased at 4.11%. AFPPremium
The yield on the 10-year treasury eased at 4.11%. AFP

US stocks jumped on Tuesday, led by technology companies after fall in job openings.

The latest jobs report has raised investors’ hopes of a pause in interest rate hikes by the US Federal Reserve.

The S&P 500 gained 64.39 points, or 1.45%, at 4,497.70 points. The Nasdaq Composite rose 239.36 points, or 1.74%, at 13,943.37. The Dow Jones Industrial Average surged 294.97 points, or 0.85%, at 34,854.95.

The Labor Department's Job Openings and Labor Turnover Survey (JOLTS) released on Tuesday showed that the number of job openings stood at 8.827 million in July, down for the third straight month.

The Fed’s next monetary policy meeting is  in September. 

Shares of Apple rose 2.2% and Nvidia climbed 4.2%.

The yield on the 10-year treasury eased at 4.11%, while that on the 2-year treasury slipped below 5%.


The US dollar fell at 145.86 Japanese yen from 146.52. It rose at $1.0872 from $1.0811 against the euro.


European shares rose to a two-week high on Tuesday, led by gains in miners on strength in metal prices.

The pan-European STOXX 600 closed 1% higher.

Britain’s FTSE 100 rose 1.7% at 7,464.99. Germany’s DAX added 0.9% at 15,930.88. France’s CAC 40 edged up 0.7% at 7,373.43.

European miners jumped 2.1%.

Shares of Europe's largest bank HSBC and insurer Prudential rose 1.3% and 4%, respectively. Barclays soared 4.2%.

Real estate stocks added 1.4%.


In Asian stock markets, Hong Kong’s Hang Seng Index climbed 2% at 18,484.03. China's Shanghai Composite jumped 1.2% at 3,135.89.

Japan’s Nikkei 225 edged up 0.2% at 32,226.97.

Australia’s S&P/ASX 200 index climbed 0.7% at 7,210.50. In New Zealand, the benchmark S&P/NZX 50 index added 0.4% at 11,528.12.

Energy prices 

The US crude oil benchmark for October delivery rose $1.06 at $81.16 a barrel on Tuesday. Brent crude for October delivery gained $1.07 at $85.49 a barrel.

Natural gas for September delivery fell 2 cents at $2.56 per 1,000 cubic feet.


Gold for December delivery surged $18.30 at $1,965.10 an ounce. Silver for September delivery rose 54 cents at $24.79 an ounce.


Milestone Alert!
Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Updated: 30 Aug 2023, 02:41 AM IST
Next Story footLogo
Recommended For You

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App