File photo of a Wall Street sign in front of the New York Stock Exchange (NYSE)
Couple Chuck Mikolajczak
NEZ YORK (Archyde.com) – The New York Stock Exchange ended lower on Thursday following the release of data indicating a tight labor market in the United States, raising fears that the Federal Reserve (Fed) will maintain its aggressive policy of hikes. rates, with the effect of plunging the economy into recession.
The Dow Jones index fell 0.76%, or 252.40 points, to 33,044.56 points.
The broader S&P-500 fell 30.01 points, or 0.76%, to 3,898.85 points.
The Nasdaq Composite fell for its part by 104.74 points (0.96%) to 10,852.27 points.
This is a third consecutive session in the red for the S&P-500 and the Dow Jones.
A report from the US Department of Labor released today showed that weekly jobless claims in the US were lower than expected, highlighting the resilience of the labor market.
Investors are watching for signs of a potential slowdown in the job market, which they see as a key factor for the Fed to adopt a looser monetary policy.
For now, analysts still expect the US central bank to decide on a lower rate hike at its February meeting.
Comments from Federal Reserve officials, however, continue to illustrate the gap between the Fed’s final rate target and market expectations.
Boston Fed President Susan Collins echoed the words of some of her peers by saying she was in favor of rates going beyond 5%, while the markets see the “ceiling” at 4.89. % in June.
As for quarterly results, Procter & Gamble fell 2.11% following warning of cost pressure on its profits, despite an upwardly revised annual sales forecast.
Analysts expect a 2.8% decline in earnings for S&P-500 companies in the fourth quarter, Refinitiv data shows.
Netflix published its post-closing results.
* The reminder of the session in Europe: [.EUFR]
* TO BE FOLLOWED Friday:
(French version Jean Terzian)
