. This correction impacts the main stock market indicators in the United States, which today show a mixed trend between modest gains and losses.
The Nasdaq, a key Wall Street index, is experiencing a continued decline, marking one of its worst starts to a year in the last seventeen years. This Thursday, the technological benchmark recorded its fifth consecutive fall and accumulated a -3.5% loss. This correction impacts in the main stock market indicators of the United Stateswhich today show a mixed trend between modest gains and losses.
He Nasdaq Composite falls 0.2% while the S&P 500 (0.2%) and the Dow Jones (0.5%) record profits, generating divergence in the market.
Wall Street: the data that the market expects
At the same time, US Treasury bond yields resume their rise, approaching 4%, following the release of economic data that demonstrated the strength of the labor market. Meanwhile, oil prices, especially Brent crude, reached close to $79 per barrel, in a market that is between geopolitical tensions in the Middle East and record production in the United States.
In terms of economic data, ADP employment report revealed an increase of 164,000 private sector jobs during December, exceeding expectations of 130,000 jobs. Additionally, weekly jobless claims hit their lowest point since mid-October, indicating the continued robustness of the labor market.
Anticipation for the monthly nonfarm payrolls report, scheduled to be published this Friday, increases market tension and keeps investors on edge in the face of so many economic fluctuations.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
