The NYSE had a mixed closure This Wednesday, June 4, after the publication of a weakest private employment report of how expected concerns about the impact of the erratic commercial policies of the Trump administration In the labor market.
In this context, the index Dow Jones of industrialists 0.2% dropped to 42,427.74 points; he S&P 500 closed unchanged at 5,970.58 points and the Nasdaq Composite 0.3% was appreciated to 19,460.49 points.
Employment data motivated another critic of Donald Trump to Jerome Powell
The private payrolls of the United States They increased much less than expected in May, according to data published on Wednesday, growing only in 37,000 jobs last month, after a decreased downward increase of 60,000 in April.
He National Employment Report (ADP) It was published before the most complete employment report of May, which will publish on Friday the Labor Statistics Office of the Labor Department. In that line, it is observed that the labor market continues to slow down in the midst of economic uncertainty derived from tariffs.
Tuesday’s government data showed that there were 1.03 vacancies for each unemployed person in April, practically unchanged compared to March.
All this points to a reduction in economic activity in the world’s largest economy, which has led Trump to demand the president of the Federal Reserve, Jerome Powell, to reduce interest rates.
“ADP number outside !!! ‘Too late’. Powell must now download the guy”Trump wrote in Truth Social.
Commercial War between the US and China
Investors are still pending the deadline for commercial partners to USA present their “Best offer” To avoid imposing tax rates to imports, which expires today. So far, only the United Kingdom reached a preliminary commercial agreement with the US during Trump’s 90 -day pause on a broader range of tariffs.
The White House announced that the president Donald Trump He will talk to his Chinese couple, Xi Jinpingthis week, a few days after Trump accused Beijing of violating a previous agreement to make reprisal levies more flexible. China refuted the accusations.
On Wednesday, in Truth Social, Trump described XI as “very hard” and “extremely difficult to reach an agreement.” Previously, the American signed a proclamation that elevates its tariffs on steel and aluminum from 25% to 50%fulfilling its previous threat.
What happened to some of the Wall Street actions?
The actions of Crowdstrike They collapsed a 5.3% Since the cybersecurity company published income forecasts for the current quarter that did not meet the expectations, eclipssing the profits of the first fiscal quarter, which exceeded Wall Street estimates.
The titles of Dollar Tree They fell a 7.6% after the retail retail company refused to raise its forecasts for the whole year.
On the other hand, the actions of Hewlett Pckard Enterprise They uploaded a 1.2% When the server manufacturer exceeded the income and profits estimates of the second quarter, driven by the demand of its artificial intelligence servers and the hybrid cloud segment.
Asana Inc. It fell dramatically 19.5% When the business software company published forecasts for the first quarter that did not comply with analysts’ estimates.
Beyond quarterly gains, Tesla Inc. He sank a 3% After some data showed greater weakness, mainly a decrease of 11% in sales in the US in May, as well as continuous falls in Europe.
Reddit Inc. They advanced a 7.5% after the company filed a lawsuit against Anthropic, A Laboratory Startup of AI and creator of the Claude models line, apparently using data from Reddit users without permission. The legal action accuses Anthropic of breach of contract and arbitrary commercial practices, stating that the firm of AI accessed the Reddit site more than 100,000 times even after claiming to have ceased such activities.
The SEC hardened the rules for foreign companies
The United States Stock Exchange and Securities Commission (SEC) Unanimously approved a request for public comments on the tightening of regulations for foreign companies listed in US bags, according to Reuters. The decision, taken on Wednesday, specifically refers to Chinese companies.
The proposal of the SEC arises while most companies that benefit from a special status, designated for foreign firms, quote mainly in the United States. This special status allows these companies to supply disseminats to investors less frequently and less detailed. The officials indicated that a significant number of these companies are Chinese. The request for public comments of the SEC is an important step to assess whether more precise rules must be imposed on these foreign societies quoted in US stock markets.
Source: Ambito
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