Wall Street tilts lower despite strong data

Economies.com
2022-01-05 15:20PM UTC

Most of the US stock indices fell on Wednesday - except Dow Jones, which hit new records - despite the release of strong economic data.

 

The minutes of the Federal Reserve's last meeting will be revealed later today, after the Fed decided last month to accelerate the pace of reducing its $30 billion/month asset purchase program.

 

ADB data showed today that the US private sector has added 807K new jobs in December, beating forecasts of 375K. 

 

The US jobs report will be released on Friday, which shows the state of the labor market and unemployment.

 

As for stocks, Dow Jones rose 0.1% or 47 points to 36,846 as of 15:18 GMT, and S&P 500 fell 0.1% or 5 points to 4,788, while Nasdaq fell 0.6% or 104 points to 15,518.

American Markets News

Americas News

Markets

US stock indices lose ground as the week wraps up
2024-04-19 16:39PM UTC
Most US stock indices declined on Friday as investors continue to follow developments in the Middle ...
Americas News

Markets

Wall Street stabilizes after data
2024-04-18 17:18PM UTC
US stock indices stabilized on Thursday following strong data that showed the Fed won’t be ...
Americas News

Markets

Wall Street resumes its decline as markets assess corporate earnings
2024-04-17 16:20PM UTC
US stock indices declined on Wednesday as markets assess corporate earnings and Fed Chair Jerome ...