(Finance) – On Wall Street, the Dow Jones continues the day with an increase of 1.39%, to 39,241 points, thus blocking the bearish trend supported by three consecutive drops, which began last Thursday; along the same lines, theS&P-500which continues trading at 5,293 points. The Nasdaq 100 (+2.4%); as well as, revved up theS&P 100 (+2.04%).
The US stock market bounced back from declines triggered by growing fears of a US recession after disappointing labor market readings. Overnight, San Francisco Fed President Mary Daly said the labor market was softening and indicated that the US central bank would start cutting interest rates in the coming quarters, but she did not conclude that the labor market had begun to weaken seriously.
The sectors that stand out in the S&P 500 basket are: informatics (+2.72%), telecommunications (+2.22%) and industrial goods (+2.12%).
Between protagonists of the Dow Jones, Caterpillar (+4.12%), Down (+3.45%), J.P. Morgan (+2.66%) and Goldman-Sachs (+2.46%).
The strongest sales, however, are seen on Boeingwhich continues trading at -1.41%.
Moderate contraction for Johnson & Johnsonwhich suffered a decline of 0.94%.
Undertone Intel which shows a reduction of 0.67%.
Disappointing 3Mwhich sits just below the levels of the day before.
Between best performers of the Nasdaq 100, Constellation Energy (+6.17%), Nvidia (+6.10%), PDD Holdings (+5.86%) and DexCom (+5.12%).
The worst performances, however, are recorded on Warner Bros.Discoverywhich gets -4.63%.
Under pressure Modernwhich shows a decrease of 2.32%.
Slip Global Foundrieswith a clear disadvantage of 1.56%.
In red Advanced Micro Deviceswhich shows a sharp decline of 1.51%.
Between macroeconomic quantities most important US markets:
Tuesday 06/08/2024
2.30pm USA: Trade balance (expected -$72.5 billion; previous -$75 billion)
Wednesday 07/08/2024
4:30 PM USA: Oil inventories, weekly (previous -3.44 Mln barrels)
Thursday 08/08/2024
2.30pm USA: Unemployment claims, weekly (expected 245K; prev. 249K)
4:00 pm USA: Wholesale inventories, monthly (expected 0.2%; prev. 0.6%)
Tuesday 08/13/2024
2.30pm USA: Production prices, annual (previous 2.6%).