Small swings and signs of signs for the S&P 500 and Nasdaq on Friday, while the Dow shows negative trends, after the data for the new jobs in the USA in December, which do not confirm the estimates of the analysts, in a sign that the recent explosion of its cases coronavirus due to the highly contagious Omicron mutation begins to burden economic activity.
The milder data, however, is estimated to lack the momentum to derail the US Federal Reserve’s intention to reduce tapering and accelerate interest rate hikes in 2022 to tame inflation.
In particular, the American economy continued to create new jobs in December, leading to further reductions in unemployment, adding another 199,000 jobs at the end of the year, but losing analysts’ estimates of 400,000 in a Reuters poll.
The unemployment rate, meanwhile, fell to 3.9% from 4.2% last month, with analysts expecting a smaller drop to 4.1%.
Government figures for November were revised upwards showing 249,000 jobs out of the 210,000 originally announced.
“The weaker-than-expected employment report came as a surprise, but we remind investors that the monthly job numbers are subject to revisions in the coming months,” said Jay Pestrichelli, CEO of ZEGA Financial.
Meanwhile, the yield on the 10-year US government bond increased by 0.3 bp, while since the beginning of the week it has added about 23 bp. The dollar loses 0.3% on Friday, however in the week so far adds 0.1%.
Indicators – Statistics
On the board, the Dow falls 0.2% to 36,220 points, the widest S&P 500 adds 0.15% to 4,702 units and the technological Nasdaq increased by 0.34% to 15,130 points.
From 30 shares that make up the Dow, 20 move with a positive sign and 10 with a negative. Honeywell (+ 1.72%) and Verizon (+ 1.63%) lead the gains, while United Health Group (-2.13%) and Home Depot (-1.27%) record the biggest losses.
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