PARIS (Reuters) – The New York Stock Exchange opened in mixed order on Wednesday after weaker-than-expected jobs data stoked fears over the economy following the Federal Reserve’s accelerated rate hike in recent months .
In early trading, the Dow Jones index gained 0.16% to 33,454.26 points while the broader Standard & Poor’s 500 fell 0.16% to 4,094.31 points.
The Nasdaq Composite lost 0.53% to 12,060.28 points.
The monthly survey by the ADP institute showed that the private sector in the United States had created 145,000 jobs in March, less than the 200,000 expected by the Reuters consensus.
The ADP survey is published two days before the monthly report from the Department of Labor which should, according to the Reuters consensus, show a slowdown in job creation to 240,000 in March after 311,000 in February.
In stocks, Fedex advanced 3.5% after announcing a consolidation of its freight transport activities and its divisions offering other services within a single organization as part of its cost-cutting efforts.
(Written by Blandine Hénault, edited by Kate Entringer)
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