(News Bulletin 247) – The New York Stock Exchange fell sharply on Thursday following the cold shower of much better than expected employment statistics published in the early morning.

Around 11:15 a.m. (New York time), the Dow Jones dropped 1.4% to 33,801.2 points, as did the Nasdaq Composite which lost 1.4% to 13,597.3 points.

The American places accuse the blow after the publication, this morning, of employment figures having given the Fed additional arguments to continue to raise its rates.

According to the results of the ADP survey, the private sector created 497,000 jobs in June, while economists expected only half, attesting to the strength of the labor market.

These figures should not fail to fuel the debates within the Federal Reserve on the need to raise interest rates further, a probability that investors have revised upwards in the short term.

According to the CME’s FedWatch Barometer, traders now estimate a 95% chance of another 25 basis point rate hike at the end of the month, up from just 52% just a month ago.

On the bond compartment, the yield of ten-year US Treasuries easily crossed the 4% threshold again in the wake of these figures, a first since March.

Another worrying figure, but this time for growth, the United States’ trade deficit contracted in May, a decline that the Commerce Department explains by both a drop in imports and exports, a bad sign for the economy. ‘activity.

As for values, the Meta Platforms share continued its upward movement (+0.4%), with investors welcoming the successful launch of Threads, its new social network.

The technology group’s share price has now recovered 145% since the start of the year.

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