by Caroline Valetkevitch
NEW YORK (Reuters) – The New York Stock Exchange ended mixed on Tuesday as markets await more data on employment figures.
The Dow Jones index lost 0.17%, or 76.47 points, to 44,705.53 points. The broader Standard & Poor’s 500 gained 2.73 points, or 0.05% to 6,049.88 points. The Nasdaq Composite advanced 76.96 points, or 0.40%, to 19,480.91 points.
Investors are also digesting reassuring statements from the American Federal Reserve, with two of its members saying they expect a drop in inflation in the United States.
They indicated that they were confident about the 2% interest rate target and that the job market was “solid” but did not comment on a possible further rate cut this month.
The markets are awaiting monthly unemployment figures in the United States which are due to be published on Friday. The Reuters consensus forecasts 200,000 creations of non-agricultural jobs, a slight increase in the unemployment rate to 4.2% and a slowdown in the increase in average hourly wages to 3.9% over one year.
This last statistic is particularly followed by investors to anticipate the rate trajectory of the American Federal Reserve (Fed), whose next decision is scheduled for December 18.
Job openings, a measure of labor demand, rose to 7.744 million in October from 7.372 million in September, according to the Department of Labor’s latest Job Openings and Labor Turnover Survey. Work published Tuesday.
The S&P 500 index rose 5.7% in November, following Donald Trump’s return to the White House and after the Republican Party’s victory in both houses of Congress. The index is up about 27% year to date.
In terms of values, Tesla’s stock fell 1.6% after sales of electric vehicles produced in China by the American automaker fell 4.3% in November year-on-year, to 78,856, data from Tesla showed on Tuesday. the China Passenger Car Association (CPCA).
Amazon gained 1.3% as the company announced a new range of artificial intelligence platforms at its annual conference.
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