Wall Street continues to search for direction. Investors brace for new data – Stock Market

Wall Street has yet to find a clear direction. US stock markets closed mixed againin a session marked by volatility, where the country’s main indexes alternated between gains and losses, with the technological Nasdaq being the only one to end in the green.

The session even started relatively upbeat, with new jobless claims data indicating a stronger-than-expected labor market and giving some traction to the S&P 500 and Nasdaq. But uncertainty over job creation data, which will be released on Friday, ended up overshadowing that optimism.

O S&P 500 closed the session down 0.30% to 5,503.41 points, while the industrial Dow Jones fell 0.54% to 40,755.75 points. The Technological Nasdaq Composite appreciated 0.25% to 17,127.66 points.

“Markets have been on this rollercoaster of risk appetite and risk aversion because they are really watching the data to get a sense of where the economy is in terms of landing and what that might mean for central bank monetary policy,” Wasif Latif, president of Sarmaya Partners in New Jersey, told Reuters.

Among the main market movements, the Tesla gained 4.90% to $230.17after announcing that it will launch what it plans to launch its autonomous driving software in Europe and China as early as the first quarter of next year, if it obtains the necessary approval from regulators.

I and Nvidia ended up recovering slightly from the devaluation of more than 11% recorded in the last two sessions, advance 0.94% to $107.21. The AI ​​darling has been under pressure since it reported its quarterly results and profit forecasts for the next quarter, which fell short of its highest expectations. Adding to this is the subpoena the semiconductor maker has received from the US Department of Justice, which is investigating Nvidia over suspected antitrust violations.

September is historically a weak month for U.S. stocks, as it is a time when investors take the opportunity to reassess their portfolios and take advantage of gains. The S&P 500 has a history of losing 1.2% this month, according to data compiled since 1928.