PARIS (Reuters) – American stock markets fell at the opening on Monday, in a wait-and-see context before the publication of the employment report on Friday, and before the Federal Reserve’s final monetary policy meeting for 2023 next week.

In early trading, the Dow Jones index lost 135.40 points, or 0.37% to 36,110.10 points and the broader Standard & Poor’s 500 fell 0.76% to 4,559.40 points. The Nasdaq Composite lost 1.01% or 144.36 points, to 14,160.674.

Few indicators are expected this week, but they will be key to gauging the trajectory of the U.S. economy, as investors bet the Fed is done with rate hikes and will ease monetary policy in early 2024 , according to the swap markets.

Tuesday will release activity in services, while the sector has been one of the main factors in the resistance of the American economy.

On Friday, the Labor Department will release its monthly jobs report, which will provide a detailed view of the state of labor markets across the Atlantic.

The imminence of the next Fed meeting, which will conclude on December 13, adds to the caution.

Separately, US ships in the Red Sea were attacked over the weekend, further eroding risk appetite.

In terms of values, Hawaiian Holdings soared 183.51% to 13.75 dollars, Alaska Airlines having announced to acquire the group for 1.9 billion dollars, or 18 dollars per share. Alaska Airlines lost 16.28%.

Uber Technologies takes 4.66%, the group preparing to integrate the S&P 500 index from December 18.

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(Written by Corentin Chappron, edited by Kate Entringer)

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