© Provided by Agencia EFE
New York, Apr 1 (EFE).- Wall Street closed this Friday in the green and the Dow Jones Industrials, its main indicator, rose 0.40% at the end of a day of ups and downs, marked by the latest unemployment data in USA and by the movements in the public debt markets.
At the end of operations on the New York Stock Exchange, the Dow Jones rose 139.92 points, to 34,818.27 units, while the selective S&P 500 advanced 0.34% or 15.45 integers, to 4,545.86 points , and the Nasdaq Composite Market Index rose 40.98 points, or 0.29%, to 14,261.50 points.
After closing a negative quarter for the first time in two years on Thursday, Wall Street rebounded slightly today, with investors encouraged following learning that the March unemployment rate was the lowest since the start of the pandemic and stood two tenths per below that of the previous month.
In March, 431,000 jobs were created in the US, below the 490,000 expected, and the average salary of workers increased by 0.4% that month, with a rise of 5.6% in one year.
In this way, the labor market has chained 11 consecutive months in which more than 400,000 jobs have been created.
Although the data was somewhat lower than expected, many analysts viewed it with relief, fearing worse figures given the poor economic indicators that have been accumulating recently.
“Vacancies continue to be filled and wage growth remains robust, suggesting the economy is in good shape,” Neil Birrell of investment firm Premier Miton told CNBC.
However, fears of a possible slowdown in economic activity once once more hovered over Wall Street today, following the yield on the two-year Treasury bond exceeded that of the ten-year one.
This situation, unusual and not seen since 2019, is seen by many analysts as an indication that a recession may be coming, although it has not always occurred following seeing the phenomenon.
This has increased nervousness on the New York floor, which led to a session with strong ups and downs, with the main indices in the red for part of the day.
In the end, almost all sectors ended up positive, led by real estate (2.02%), utilities (1.45%) and essential goods (1.25%).
On the opposite side, the industrial, financial and technology sectors finished in the red, albeit with slight losses.
Among the 30 values of the Dow Jones, the gains of Verizon (2.32%), Visa (2.07%) and MSD (1.79%) stood out, as well as the declines of Intel (-2.93%), Walgreens (-2.03%) and Caterpillar (-1.37%).
In other markets, Texas oil was down 1% to close below $100, and at the close on Wall Street, gold was down at $1,927 an ounce, the yield on 10-year debt was up 2.373% and the dollar gained ground once morest the euro, with an exchange rate of 1.105.
(c) EFE Agency