Positive Wall Street, focus on the job market

Positive Wall Street focus on the job market

(Finance) – Two-speed sitting on Wall Street, with the Dow Jones lagging further behind the S&P 500 and Nasdaq, which are well up. The monetary policy moves remain under the attention of investors, in view of the December meetings and after the statements of Kazuo Ueda, governor of Bank of Japanwho referred to the possible end of Japan’s monetary policy focused on negative rates.

On the choices of Fed could affect data arriving tomorrow from the publication of US labor market report in November, the most important market mover of the week.

Meanwhile, still on the work front, it emerged that in the last week the numbers have remained almost unchanged unemployment benefit claims In the USA; On the other hand, continuous requests for subsidy fell beyond expectations. Additionally, layoffs increased in the US in November, according to the Challenger, Gray & Christmas report.

Among most important company announcements, GameStop reported third-quarter revenue below market forecasts, Dollar General reported a smaller-than-expected sales decline in the third quarter, Advanced Micro Devices announced the introduction of new accelerator chips intended to compete in the lucrative artificial intelligence (AI) market.

Looking at the main indicesThe Dow Jones is substantially stable and is positioned at 36,040 points, while, on the contrary, a small leap forward for theS&P-500, which reaches 4,573 points. Good performance Nasdaq 100 (+1.06%); with a similar direction, risingS&P 100 (+0.73%).

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