(Telestock) – S&P-500, Nasdaq rise as trading resumes (Wall Street closed early on Wednesday and was closed on Thursday for Independence Day, July 4), with new macroeconomic data indicating that U.S. employment slowed to a still-healthy pace in June.
According to the Labor Department report, released before the bell, theNon-agricultural employment rose by 206,000 in June, above the market’s forecast of 191,000. However, May’s numbers were revised sharply lower from 272,000 to 218,000. In addition, the unemployment rate came in at 4.1%, while it was expected to remain unchanged at 4%.
These data are carefully analyzed to understand the possible effects on monetary policy. After the publication of the report, the probability of a 25 basis point rate cut in September rose to 74% from 62% last week, according to CME Group’s FedWatch tool.
Meanwhile, the president of the Fed Bank of New York, John Williamssaid that while inflation has recently cooled toward the Fed’s 2% target, bankers are still some distance from their goal.
Looking at the main indexesThe Dow Jones is substantially stable and is positioned at 39,243 points, while, on the contrary, theS&P-500 makes a small leap forward of 0.31%, reaching 5,554 points. In money terms the Nasdaq 100 (+0.84%); along the same lines, slightly positive theS&P 100 (+0.57%).
In good evidence in the S&P 500 compartments telecommunications (+2.10%), office supplies (+0.60%) and informatics (+0.58%). At the bottom of the ranking, the biggest drops are seen in the sectors power (-1.61%), industrial goods (-0.69%) and financial (-0.60%).
Between protagonists of the Dow Jones, Intel (+2.41%), Apple (+1.48%), Microsoft (+1.29%) and Wal-Mart (+1.25%).
The strongest sales, however, are seen on Downwhich continues trading at -1.82%. Negative session for Chevronwhich shows a loss of 1.77%. Under pressure Goldman-Sachswhich is showing a 1.63% decline. It is slipping J.P. Morganwith a clear disadvantage of 1.39%.
Between best performers of the Nasdaq 100, Advanced Micro Devices (+5.37%), Free Market (+4.22%), Meta Platforms (+4.07%) and Global Foundries (+3.96%).
The worst performances, however, are recorded on MicronTechnologywhich gets -3.71%. In red Packwhich shows a sharp decline of 2.25%. The negative performance of stands out Diamondback Energywhich falls by 1.78%. Warner Bros.Discovery falls by 1.52%.