Wall Street: the Nasdaq extends its fall and accumulates a drop of 3.5% at the start of the year

Wall Street: the Nasdaq extends its fall and accumulates a drop of 3.5% at the start of the year

. 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

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts

Poor demand for the Breop

Poor demand for the Breop

The monetary authority awarded only US $ 9 million in the third tender of the fourth series of these bonds that seek to “more flexible