Just past the 4 pm ET close, the  $S&P 500 Index (.SPX.US)$ climbed 2.30%, the     $Dow Jones Industrial Average (.DJI.US)$ climbed 1.76%, and the  $Nasdaq Composite Index (.IXIC.US)$ climbed 2.87%.

Thursday in macroeconomics, initial jobless claims came in at 233k, lower than 250k last month. Monday, this week's macro data came in the form of S&P PMI at 54.3 vs 55 estimated and ISM PMI at 51.4.

Meanwhile, last week's macro numbers pointed to a rush of unemployment. The numbers showed that non-farm payrolls dropped from the month before; the economy only added 114k jobs, compared to the 175k forecast, and 179k in June, according to the Bureau of Labor Statistics. The unemployment rate in July rose to 4.3%, compared to 4.1% last month.

Meanwhile, last week's macro numbers pointed to a rush of unemployment. The numbers showed that non-farm payrolls dropped from the month before; the economy only added 114k jobs, compared to the 175k forecast. The unemployment rate in July rose to 4.3%, compared to 4.1% last month. The Federal Reserve has looked extensively at the labor market as an indicator of its monetary policy and appetite for rate cuts, and they left rates unchanged Wednesday.

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Traders, what do you think, is the market in 2024 about following the herd? What you watching on the stock market today? What is the herd following? Let me know in the comments below!

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