Wall Street Posts Modest Gains but S&P 500 and Nasdaq Head for Monthly Loss

US stock markets recorded mixed but slightly positive movement as investors balanced optimism around rebounding AI stocks with ongoing concerns over interest rates and geopolitical tensions. The S&P 500 and Nasdaq are on track for their first monthly decline in three months, despite the quarter-end uptick. Better-than-expected jobs figures pointed to a resilient US economy, though the data simultaneously raised fears about persistent inflation. The strong employment numbers have renewed speculation that the Federal Reserve may pursue further interest rate hikes.