The stock market opened mixed on Thursday, with the Dow Jones Industrial Average and S&P 500 both showing slight gains, while the tech-heavy Nasdaq Composite dipped slightly.
Investors are keeping an eye on a number of factors, including the latest job growth figures and the ongoing concerns around inflation. While the job growth numbers fell short of expectations, they still show a steady improvement in the labor market, which could help boost consumer confidence and spending.
Meanwhile, inflation remains a concern for investors, with rising prices for goods and services putting pressure on businesses and consumers alike. The Federal Reserve has indicated that it will continue to closely monitor inflation and may adjust monetary policy if necessary to keep it under control.
In corporate news, Tesla announced that it will be expanding its production capacity in China, with plans to build a new factory in the country. The move comes as Tesla looks to increase its presence in the world’s largest auto market.
Other companies making headlines include Apple, which is reportedly in talks to acquire a streaming rights deal for a popular TV show, and Amazon, which is facing a lawsuit from a group of workers who allege that the company failed to provide adequate safety measures during the pandemic.
Overall, investors will be watching the markets closely in the coming days and weeks as the economy continues to recover from the pandemic and businesses look to navigate a rapidly changing landscape.