U.S. Stocks Pull Back Off Early Highs But Holding On To Notable Gains
U.S. stocks surged early Thursday but pulled back, maintaining notable gains. Nvidia's strong earnings boosted tech stocks, offsetting AI bubble concerns. Nasdaq rose 0.8%, S&P 500 0.7%, and Dow 0.6%. September's employment report showed unexpected job growth but a higher unemployment rate, adding uncertainty to interest rate outlook. Biotechnology and natural gas stocks performed well, while computer hardware stocks weakened. Asian and European markets mostly rose, and U.S. treasuries gained, lowering the ten-year note yield.