Dow Jones Surges 300 Pts; Smallcaps Rally Amid Tariff, Jobs Report Anticipation

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CNBC TV18•09-01-2026, 04:45
Dow Jones Surges 300 Pts; Smallcaps Rally Amid Tariff, Jobs Report Anticipation
- •Dow Jones gained 270 points, recovering from Wednesday's sell-off, while Smallcap Russell 2000 rallied 1.1%.
- •S&P 500 remained flat, and Nasdaq dipped 0.5% due to Nvidia and Apple shares. Defense stocks saw moderate gains.
- •US trade deficit narrowed to a 2009 low, and jobless claims were lower than expected, possibly due to front-loaded imports.
- •Markets await a crucial US Supreme Court verdict on Trump tariffs and the December non-farm payrolls report.
- •US Dollar strengthened, Gold and Silver fell, while Oil prices rose following Donald Trump's warning to Iran.
Why It Matters: Markets on edge awaiting critical US Supreme Court tariff verdict and December jobs report.
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