The main US stock indexes traded mixed, but the session ended almost unchanged. The dynamics of the trades were affected by the fall in quotations of Costco and shares in the energy sector, along with negative sentiment due to a report that reflected the decline in employment in the US for the first time in seven years.
So, the number of employees in the US fell in September, as Hurricanes Harvey and Irma left the displaced workers temporarily unemployed and delayed hiring, which was the last indication that hurricanes undermine economic activity in the third quarter. The Ministry of Labor reported that the number of people employed in the non-agricultural sector fell by 33,000 amid a record fall in employment in the leisure and hospitality sector. Economists predicted an increase in employment by 90,000. The unemployment rate fell by 0.2 percent, to 4.2 percent, the lowest since February 2001. The average hourly earnings increased by 0.5 percent after an increase of 0.2 percent in August. This pushed the annual salary growth to 2.9 percent from 2.7 percent in August.
Most components of the DOW index finished trading in the red (16 of 30). Outsider were shares of Verizon Communications Inc., (VZ, -1.93%). The leader of growth was the shares of The Travelers Companies, Inc. (TRV, + 0.49%).
Almost all S & P sectors recorded a decline. The largest decrease was in the base resources sector (-0.8%). The technological sector grew the most (+ 0.2%)
At closing:
Dow -0.01% 22.773.67 -1.72
Nasdaq + 0.07% 6,590.18 +4.82
S & P -0.11% 2.549.33 -2.74
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.