NEW YORK, June 4 (Xinhua) -- Major U.S. stocks closed mixed on Thursday, as investors weighed mixed corporate earnings and labor market signals amid ongoing geopolitical developments.
The Dow Jones Industrial Average rose 1.73 percent to 51,561.93. The S&P 500 added 0.41 percent to 7,584.31. The Nasdaq Composite Index shed 0.09 percent to 26,830.96.
Nine of the 11 primary S&P 500 sectors ended in the green, with health and financials leading the gainers by rising 3.16 percent and 2.68 percent, respectively. Meanwhile, technology and consumer staples led the laggards by dropping 1.43 percent and 0.06 percent, respectively.
Broadcom plunged more than 12.5 percent after issuing a disappointing forecast for AI chip demand, raising fresh concerns about the strength and sustainability of the AI investment boom. Semiconductor stocks, which led the market's rally to record levels, also fell broadly.
The West Texas Intermediate for July delivery dropped 2.98 U.S. dollars, or 3.1 percent, to settle at 93.04 dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery lost 2.78 dollars, or 2.84 percent, to settle at 95.03 dollars a barrel on the London ICE Futures Exchange.
Wall Street also digested new labor market data ahead of Friday's May jobs report. Weekly initial jobless claims rose to 225,000 for the week ending May 30, while global outplacement firm Challenger, Gray & Christmas reported an increase in announced job cuts. ■
