Wall Street down ahead of US employment

by times news cr

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The NYSE closed lower yesterday amid tensions in Middle East and waiting for the employment report in United Statess on Friday.

He Dow Jones gave up 0.44%, the technological Nasdaq a marginal 0.04% and the expanded index S&P 500 0.17%.

“We fear an escalation, therefore we have a market (…) a little reluctant to the idea of ​​​​extending its activity until there is more clarity about the situation,” he explained. Patrick O’Hareof Briefing.com.

The president of United States, Joe Biden, He said yesterday that he is “discussing” with Israel possible israeli attacks against Iranian oil facilities, as a retaliation measure for the missiles launched by Tehran against Israeli territory. The volatility index, known as the “fear index,” which measures traders’ nervousness, rose 8% on Thursday.

The market also focused on a series of indicators released on Thursday, including the index ISM of activity in the service sector in the United States, which climbed to 54.9% in September, against 51.5% in August, to reach a maximum from February 2023.

An index of more than 50% indicates expansion of activity. In turn, new requests for unemployment benefits in the United States, published on Thursday, had a slight increase: 225 thousand against 219 thousand last week, probably inflated by measures of technical unemployment in Boeing, according to Samuel Tombsanalyst Pantheon.

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