US STOCKS SNAPSHOT-S&P 500, Nasdaq hit record high after weak jobs data; Broadcom surges

ReutersSep 5, 2025 1:32 PM

Sept 5 (Reuters) - The S&P 500 and the Nasdaq hit record highs on Friday after weaker-than-expected August jobs data bolstered expectations for Federal Reserve rate cuts, while chipmaker Broadcom gained following strong quarterly earnings.

The Dow Jones Industrial Average .DJI rose 35.2 points, or 0.08%, at the open to 45,656.49. The S&P 500 .SPX rose 27.0 points, or 0.42%, at the open to 6,529.08, while the Nasdaq Composite .IXIC rose 152.7 points, or 0.70%, to 21,860.441 at the opening bell.

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