(Finance) – Earnings day for the New York Stock Exchange, after the US economy created only 12,000 jobs, much less than the 106,000 expected. The weak labor market strengthens the expectation of a 25 basis point rate cut by the Federal Reserve next time and before then the focus will be on the Presidential elections. All eyes are on the accounts of some Big Tech companies such as Amazon and Apple.b
The Dow Jones shows a capital gain of 0.77%, thus blocking the bearish trail supported by three consecutive drops, which began last Tuesday; along the same lines, theS&P-500 continues the day with an increase of 0.78%.Increasing on Nasdaq 100 (+0.8%); on the same line, theS&P 100 (+0.89%).
Secondary consumer goods (+2.93%), energy (+1.12%) e healthcare (+0.80%) in good light on the S&P 500 list.
Between the protagonists of the Dow Jones, Amazon (+6.52%), Chevron (+4.45%), Intel (+4.01%) e Boeing (+1.81%).
The worst performances, however, are recorded on Applewhich gets -1.45%.
Moderate contraction for Visawhich suffers a drop of 0.75%.
On the podium of Nasdaq stocks, Atlassian (+16.66%), Charter Communications (+14.17%), Sirius XM Radio (+7.01%) e Amazon (+6.52%).
The worst performances, however, are recorded on Paypalwhich gets -3.09%.
They focus on sales Datadogwhich suffers a drop of 2.18%.
Sales up DoorDashwhich recorded a decline of 2.16%.
Undertone Cognizant Technology Solutions which shows a reduction of 1.46%.
Among them macroeconomic events which will have the greatest influence on the performance of the US markets:
Friday 01/11/2024
1.30pm USA: Change in employment (expected 106K units; previously 223K units)
1.30pm USA: Unemployment rate (expected 4.1%; previously 4.1%)
2.45pm USA: Manufacturing PMI (expected 47.8 points; previously 47.3 points)
3pm USA: ISM manufacturing (expected 47.6 points; previously 47.2 points)
Monday 04/11/2024
4pm USA: Industrial orders, monthly (previously -0.2%).