Wall Street weak. Job Report strengthens expectations on the Fed

Wall Street weak Job Report strengthens expectations on the Fed

(Finance) – The New York Stock Exchange remains at parity, with the Dow Jones which stands at 38,804 points, while, on the contrary, theS&P-500 it has a depressed trend and trades below the levels of the day before at 5,134 points. Negative changes for Nasdaq 100 (-1.29%); as well as a fractional decrease in theS&P 100 (-0.64%).
The data on the labor market showed an increase in employment exceeding expectations. The rising unemployment rate amid expectations of zero change is pushing traders to bet that it will pave the way for the Federal Reserve to start cutting interest rates.

In the S&P 500, no fund is saved. Among the worst performers on the S&P 500 list, the sectors fell the most informatics (-1.46%), office consumables (-0.69%) e secondary consumer goods (-0.65%).

Between protagonists of the Dow Jones, Apple (+1.76%), Cisco Systems (+1.44%), United Health (+1.39%) e 3M (+1.32%).

The worst performances, however, are recorded on Intelwhich gets -3.82%.

Modest descent for Boeingwhich drops a small -1.42%.

Thoughtful Microsoftwith a fractional decline of 0.96%.

He hesitates Amazonwith a modest decline of 0.90%.

Between best performers of the Nasdaq 100, Atlassian (+2.30%), Biogen (+2.25%), Xcel Energy (+1.84%) e Apple (+1.76%).

The steepest declines, however, occur at Marvell Technologywhich continues the session with -10.32%.

Black session for Costco Wholesalewhich leaves a loss of 7.49% on the table.

At a loss Broadcomwhich drops by 7.14%.

Heavy MongoDBwhich marks a decrease of -7.08 percentage points.

Between macroeconomic quantities most important of the US markets:

Friday 03/08/2024
2.30pm USA: Unemployment rate (expected 3.7%; previously 3.7%)
2.30pm USA: Change in employment (expected 198K units; previously 229K units)

Tuesday 12/03/2024
2.30pm USA: Consumer prices, annual (previously 3.1%)
2.30pm USA: Consumer prices, monthly (previously 0.3%)

Wednesday 03/13/2024
4.30pm USA: Oil inventories, weekly (previously 1.37 million barrels).

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