Market Snapshot 5 Oct,23

- 📉 The Dow Jones Industrial Average closed up 0.39% to break a three-day losing streak.

- 💹 The S&P 500 index finished up 0.81%, while the Nasdaq Composite gained 1.35%.

- 📊 Weaker-than-expected labor market data led to a retreat in Treasury yields.

- 💼 ADP reported a rise of only 89,000 private-sector jobs in September, well below expectations.

- 🏢 Business conditions in service-oriented companies slightly declined in September.

- 🛢️ Energy sector stocks saw the largest percentage decline on the day as crude oil prices fell.

- 📈 U.S. bond yields eased lower after hitting 16-year highs, reflecting concerns about higher interest rates.

- 🍎 Apple Inc. closed up 0.7%, despite a downgrade by KeyBanc and concerns about iPhone sales.

- 💉 Moderna Inc. gained 1.1% after reporting positive results for a combination vaccine for COVID-19 and influenza.

- 💻 Intel Corp. announced plans for an IPO of its programmable solutions group in the next few years.

- 🥚 Cal-Maine Foods Inc. tanked 7.3% due to disappointing quarterly results and a drop in egg prices.