(Finance) – Wall Street cuts the mid-session mark in negative territory after U.S. private sector employment in August recorded a modest increase, disappointing analysts’ expectations and signaling a further cooling of the labor market for the fifth consecutive month.
Among US indices, the Dow Jones shows a decrease of 0.82%; along the same lines, theS&P-500 has a depressed trend and is trading below yesterday’s levels at 5,489 points. Just below parity the Nasdaq 100 (-0.27%); with a similar direction, below parity theS&P 100which shows a decrease of 0.39%.
The sector stands out in the S&P 500 secondary consumer goodsAt the bottom of the ranking, the biggest drops are seen in the sectors health (-1.50%), industrial goods (-1.46%) and financial (-1.40%).
Among the protagonists of the Dow Jones, Merck (+2.85%), Amazon (+2.05%), Apple (+0.96%) and Intel (+0.51%).
The strongest sales, however, are seen on Amgenwhich continues trading at -1.93%.
Under pressure United Healthwhich shows a drop of 1.77%.
Disappointing Honeywell Internationalwhich sits just below the levels of the day before.
Weak Coca Colawhich shows a small decrease of 1.18%.
Among the Nasdaq 100 protagonists, Dollar Tree (+5.99%), Tesla Motors (+4.31%), Amazon (+2.05%) and Comcast Corporation (+2.03%).
The strongest sales, however, are seen on Coverwhich continues trading at -6.52%.
At a loss Old Dominion Freight Linewhich falls by 5.84%.
Slip AstraZenecawith a clear disadvantage of 3.30%.
In red Packwhich shows a sharp decline of 2.75%.
Among the macroeconomic quantities most important US markets:
Thursday 05/09/2024
13:30 USA: Challenger layoffs (prev. 25.89K units)
2.15pm USA: ADP Employees (expected 144K units; prev. 111K units)
2.30pm USA: Unemployment claims, weekly (expected 231K; prev. 232K)
2.30pm USA: Unit labor cost, quarterly (expected 0.9%; prev. 3.8%)
2.30pm USA: Productivity, quarterly (expected 2.3%; prev. 0.4%).