(Telestock) – Wall Street is little moved after the return to trading (Wednesday closed early and Thursday was closed for Independence Day, July 4), with new macroeconomic data indicating that U.S. employment slowed to a still-healthy pace in June. In any case, the S&P 500 and Nasdaq are on track to close the week in the green, at all-time highs.
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.
Between single titleseyes on Macy’safter the Wall Street Journal reported that Arkhouse Management and Brigade Capital Management had raised their buyout offer to about $6.9 billion; Canada instead approved the $6.9 billion acquisition by Glencore of the metallurgical coal activities of Teck Resourceswhile the latter announced a $2 billion buyback.
Looking at the main indexesThe Dow Jones which stops at 39,251 points; on the same line, colorless theS&P-500which continues the session at 5,542 points, at the same levels as the day before. Fractional gains for the Nasdaq 100 (+0.38%); with the same direction, moderately rising theS&P 100 (+0.24%).