Nasdaq pulls ahead, stocks mixed ahead of August jobs data

The Nasdaq Composite (^IXIC) pulls away with a minor win in Thursday's session, closing the day higher by 0.25%. The Dow Jones Industrial Average (^DJI) and S&P 500 (^GSPC) moved lower in the day coming off of this morning's ADP private payrolls data.

Market Domination Overtime anchor Julie Hyman recaps the day's market movements, looking ahead to tomorrow morning's August jobs report while examining the Russell 2000 (^RUT) and S&P 500 Equal Weight Index (^SPXEW).

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.

Video transcript

There's the closing bell on Wall Street now it is market domination.

Over time, let's take a look at where the major averages are ending the session here Still have this mixed picture that we've been looking at here for sort of the latter half of the day.

The Dow down about 219 points.

A little more than a half of 1%.

The S and P 500 off a third of 1%.

The NASDAQ up by about a quarter of 1%.

You've got equal weights, uh, that are under performing today that we are seeing the S and P 500 being buoyed a little bit by large cap technology.

Indeed, that seems to be what's happening.

The Russel 2000 of small caps also underperform today.

And as we talked about, we did get some mixed data today.

Jobless claims better than ex, uh, expected.

But the AD P jobs report for, uh, last month showing a more disappointing number than had been anticipated.

So all of that translating into a mixed picture on stocks as well.

When you look at the groups within the S and P 500 year, you've got health care industrials and financials doing the worst only consumer discretionary and communication services in the green.

And I remember I was talking about the large cap tech sort of holding up things a little bit as the NASDAQ 100 composite outperformed among the magnificent seven only Microsoft down Tesla, gaining about 5% here today, Amazon, another standout, rising more than 2.5%.