(News Bulletin 247) – The rise prevailed on Wall Street after a rather calm session, with a fourth consecutive increase for the Nasdaq Composite (+0.54%) and for the S&P500 (+0, 38%), while the Dow Jones pulled out of the red zone to grab +0.11%.

The Nasdaq’s gains could have been much more substantial given the after-hour gains for Salesforce (+5.5% on an upward revision to its targets after +1.5% in session) and for Okta (+11 % on results above expectations). Otherwise, the locomotives of the day were Apple +1.9%, Micron +2.1% and Intuitive Surgical +2.8%.

Wall Street reacted little to the statistics of the day which did not impose themselves as ‘game changers’: job creations in the private sector in the United States however fell by half in August.

The ADP firm has in fact only identified 177,000 new hires, due to the fall in job creations in the hotel and catering industry (to only 30,000) after the strong hiring in this sector in the previous months.

The ‘NFP’ report, which will be published on Friday by the Department of Labor, could also confirm a ‘loss of luck’ on the American labor market, enough to encourage the Fed to pass its turn on September 20, then at the beginning of november.

The second figure of the day was that of the real GDP of the United States for the second quarter of 2023: it came out at an annualized rate of 2.1%, according to a second estimate from the Department of Commerce, which had announced it at 2.4% in very first reading, after a rate of 2% observed in the first quarter.

In addition, the rise in the PCE price index (still at an annual rate) for the second quarter was revised down by 0.1 point, to +2.5% in raw data and to +3.7% in ‘core’ data (excluding food and energy prices).

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