Wall Street cautious. US jobs data expected

The New York Stock Exchange was at its previous levels

(Finance) – The US stock market moved little, with the Dow Jones which stands at the same values ​​as yesterday at 40,947 points; along the same line, it moves around parityS&P-500which continues the day at 5,528 points. Almost unchanged the Nasdaq 100 (+0.16%); on the same trend, at the same levels as yesterday,S&P 100 (+0.05%).

Investors’ attention remains focused on some key data that can provide indications on the state of the US economy, after yesterday’s that showed manufacturing activity still contracting. Today, data on July factory orders and the Federal Reserve survey, the “Beige Book”, are expected.

Jobs numbers are due on Friday, which could guide Jerome Powell’s central bank on the amount of easing planned at its mid-month meeting. The market is betting on a 25 basis point reduction, while only a smaller portion of analysts expect a half-point move.

The sector stands out on the North American S&P 500 index utilities. In the price list, the sectors energy (-0.76%) and health (-0.49%) are among the best sellers.

At the top of the rankings of American giants components of the Dow Jones, Boeing (+2.25%), 3M (+1.43%), Goldman-Sachs (+1.38%) and IBM (+1.19%).

The worst performances, however, are recorded on Intelwhich gets -1.77%.

Thoughtful Merckwith a fractional decline of 1.36%.

He wavers Applewith a modest decrease of 1.17%.

Weak day for Chevronwhich marks a decrease of 0.82%.

Among the Nasdaq 100 protagonists, Tesla Motors (+5.15%), Mondelez International (+4.19%), Advanced Micro Devices (+3.75%) and Qualcomm (+3.04%).

The strongest sales, however, are seen on Dollar Treewhich continues trading at -20.56%.

It goes down Zscalerwith a decrease of 17.58%.

It collapses PDD Holdingswith a decrease of 5.27%.

Under pressure ASML Holdingwhich shows a decrease of 3.13%.

Among the macroeconomic variables of greatest weight in North American markets:

Wednesday 04/09/2024
2.30pm USA: Trade balance (expected -$78.8 billion; previous -$73 billion)
4:00 PM USA: Industrial orders, monthly (expected 4.7%; previous -3.3%)

Thursday 05/09/2024
13:30 USA: Challenger layoffs (prev. 25.89K units)
2.15pm USA: ADP Employees (expected 136K units; prev. 122K units)
2.30pm USA: Unemployment claims, weekly (prev. 231K).

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