New York Investors on Wall Street start the new stock market week cautiously. The leading indices Dow Jones and S&P 500 lose 0.3 and 0.7 percent respectively in early trading on Easter Monday. The losses in the technology-heavy Nasdaq index are even greater – minus 1.2 percent. Heavyweights like Alphabet, Apple and Tesla are showing weakness and weighing on tech sentiment.
On Friday, the US Department of Labor published the much-noticed job data for the month of March. Since there was no trading on Wall Street on Good Friday either, this data will now be processed in the courses on Monday.
The labor market in the world’s largest economy cooled slightly once more in March. Outside of agriculture, 236,000 new jobs were added following 326,000 in February and 472,000 in January. The data was roughly in line with economists’ expectations. The unemployment rate was also slightly lower than expected at 3.5 percent.
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