Wall Street: indices close scattered on Thursday – 08/05/2022 at 07:08
(CercleFinance.com) – The Wall Street indices ended in a mixed mood on Thursday, torn between the desire to extend the summer recovery and the warning on the evening of the jobs report: the Dow Jones fell below 0.3% to 32,727 points, but the Nasdaq Composite gained 0.4% to 12,721 points .
The monthly figures of the labor market, which will be released on Friday, are much higher as those of the previous month, which exceeded the expectations, strengthened the hope of raising money by the Fed.
Jobs are still one of the last things in the American economy. Over the past month, Jefferies expects for example the announcement of 260,000 non-farm payroll jobs, and a 0.1 point drop in the unemployment rate to 3.5%.
As the US economy created a surprising 2.7 million jobs in the first half, investors are hoping that a new encouraging report will add to the generally positive reports in recent weeks.
As the start of the jobs report, workers saw unemployment up to 260,000 last week, and the decline in US trade to $79.6 billion in June.
As for the day’s corporate publications, they received Air Products (+4.9%) and, to a lesser extent, Paramount Global (+1.1%), but avoided Eli Lilly (-2.6%) and eBay (- 5.2%).