(News Bulletin 247) – The New York Stock Exchange fell sharply on Thursday evening following the cold shower of much better than expected employment statistics published in the early morning. The Dow Jones dropped almost 1.07% and the Nasdaq lost 0.82%.
The American places accuse the blow after the publication 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 recorded a decline (-0.8%), despite the successful launch of Threads, its new social network.
Meta has announced that it has launched its service of short text messages Threads, supposed to compete with Twitter, and which would have already accumulated 10 million subscriptions in the space of seven hours.
According to analysts, this new application is intended to attack Twitter’s market share, at a time when the micro-blogging site is going through a serious slump.
The technology group’s share price has now recovered 145% since the start of the year.
Pfizer has invested $25 million in Caribou Biosciences, a California-based cell engineering company, the latter announced Thursday.
Accenture Federal Services announced that it has been awarded a $98 million contract from the Defense Health Agency to operate and improve the Joint Medical Common Operating Picture (MedCOP), a platform that provides a comprehensive picture of the situation in terms of command and medical control, intended for the Ministry of Defense and the commands of the armed forces.
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