The main stock market indexes of the United States are looking for their direction when trading starts on Thursday. Market interest rates on government bonds and the dollar were falling.
The S&P 500, made up of the shares of large American listed companies, was 0.1 percent higher than yesterday’s closing reading.
The Nasdaq, which focuses on shares in the technology sector, was up 0.6 percent. The Dow Jones, which follows thirty major companies, was down 0.3 percent.
Companies that are familiar to Finns, for example Tesla was up 4.5 percent, Amazon kiri in 2.8 percent, and Nvidia was up 2.4 percent.
Tesla said it plans to start offering a new autopilot program for its cars in Europe and China between January and March of next year. However, it does not yet have permission from the authorities for this.
Managing director Elon Musk said in July that it expected the permits to be released by the end of this year.
Autopilots, Full Self Driving i.e. FSD, it is not possible to drive cars without a driver, but it is an improvement to the company’s autopilot system, economic media CNBC kertoo.
“Tomorrow’s Job Report gives a clearer picture”
According to figures published by the research company ADP Research, private sector jobs grew by 99,000 in August, compared to 111,000 in July. Information service Bloomberg’s the median of forecasts collected from economists was 145,000 increases.
The figure suggests that the U.S. labor market is not in as good shape as in the past, giving the U.S. central bank the Fed back to lower interest rates to support the economy.
More conflicting figures were obtained from the US Department of Labor, according to which 227,000 new applications for unemployment benefits were filed last week, while economists expected 230,000. The week before last, the figure was 232,000.
“After today’s conflicting figures, tomorrow’s Job Report gives investors a clearer picture of the labor market situation”, Morgan Stanley head of the electronic commerce unit Chris Larkin commented to Bloomberg.
The US administration will release its own numbers on non-farm payrolls and the federal unemployment rate for August on Friday.
Treasurer Miller Tabakin particle strategist Matt Maley told Bloomberg that Thursday’s moves may be calmer as investors wait for tomorrow’s numbers.
Source: www.arvopaperi.fi
