TheDrop Market Analysis, 10/4/24

Markets surged midday following news of higher job creation than expected, showing the strength of the U.S. economy as of now.

To no surprise, index funds rose today. The Nasdaq led the market with a 1.2% gain, the S&P rose by 0.9%, and the Dow followed suit with a respectable 0.8% increase. Investors pummeled capital into the stock market today, reversing their fears of a possible employment crisis.

Big Tech led today's bullish trend. AMD led the way with a 5% improvement, followed by Nvidia with a 1.7% surge, Tesla with a 3.9% rise, and Apple with a 0.5% rise. Tesla also saw substantial growth after news that its CEO Elon Musk will appear on Saturday to a Trump rally in Butler, Pennsylvania.

Oil prices continued to rise as Iran expands threat of war in the Middle East.

PayPal surged after news of a new CEO taking charge.