Dow Jones extreme caution before the Employment Report; S&P 500 Look for new maximums

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By Jack Ferson

Dow Jones extreme caution before the Employment Report; S&P 500 Look for new maximums

Futures linked to Dow Jones index lower 0.01% to 45,615 points, while those of the S&P 500 rise 0.21%, at 6,515.60 points. Nasdaq 100 futures rise 0.49% to 23,749.40 points.

Wall Street comes from a positive session yesterday in which Dow Jones rose 0.77%, while The S&P 500 added 0.83% to conquer a new historical maximum. The Nasdaq technological rose 0.98%. So far this week, the S&P 500 has risen 0.7%, while Nasdaq Composite, with a strong technological component, has registered a gain of 1.2%. The Dow has been the most lagging, but has won 0.2%.

All eyes are placed today in the August Employment Report that will publish before the Campana touch the Labor Department. The economists surveyed by Dow Jones expect the US economy to have created 75,000 jobs last month. The unemployment rate is expected to increase 4.3%.

The report arrives after during the last days references have been known that have put the signals of weakness that the US labor market begins. Especially significant was The ADP report, which showed the creation of 54,000 jobs in Augustalmost half that the previous month and well below expected.

In that sense, investors expect this reading to support the position of the Federal Reserve to proceed with a type cut in its September monetary policy meeting. Operations with federal funds currently estimate A 97% probability that the institution applies a 25 -point cut In the types on September 17, according to the Fedwatch tool of CME Group.

«The Employment Report will be the decisive factor, but so far this week the data confirms a deceleration of the labor market,» reflects Chris Larkin, by Morgan Stanley. «In the short term, markets could positively host these data, since they should increase the probability of type cuts by the Fed. However, if the figures deteriorate too much, it could generate concern about the health of the economy,» warns the expert.

Currently business, Broadcom’s shares shoot 9.5% in pre -opening after results of its third quarter better than expected, added to optimistic perspectives. The semiconductor company reported awarded earnings per share of $ 1.69 about revenues of $ 15,590 million. Analysts had expected a benefit of $ 1.65 per share and income of $ 15,830 million.

Broadcom also indicated that it expects revenues in the current quarter of 17.4 billion dollars, while analysts had predicted 17,020 million.

Much worse reception for Lululemon Athl accounts. The actions of the sportswear company more than 13% collapse after the income of the second fiscal quarter did not reach estimates of analysts due to a slowdown in their American business. Specifically, the revenues of 2,530 million dollars were less than the 2,540 million dollars provided by analysts. Lululemon has also trimmed his forecasts for the year, stating that tariffs will affect their benefits.

Docusign actions rise 5% after results of the second quarter better than expected. The software company reported some Profits adjusted per share of 92 cents on an income of 801 million dollarswhile the analysts had waited for gains of 84 cents per share and income of 780 million dollars. The firm also issued forecasts for the third quarter and for the whole year better than expected.

In raw material markets, oil prices fall this Friday and are on their way to a weekly loss for the first time in three weeks, while increasing expectations on an increase in supply at this weekend meeting of the OPEC+. On black gold also weighs the surprising increase in the US crude reserves, which adds concerns on the demand side.

The futures of the American West Texas fall 0.50% to $ 63.16 per share, while international reference brent yields 0.33%, in $ 66.77.

The price of gold remains in the maximum zone, with a rise of 0.13% to 3,551.70 dollars, after yesterday reached $ 3,578.50. Goldman Sachs has warned that the yellow metal could shoot up to $ 5,000 the ounce if Trump persists in his offensive to control the Fed.

Today the euro rises 0.40% against the dollar until leaving the exchange rate at $ 1,1696 for each single currency.

In the fixed income, the yields of the American bonds fall to minimum of four months, at a time when the operators consolidate their bets for a decrease of types by the Fed this month. The US ten -year reference bonus pays 4,156% in the secondary market, while the 30 -year bonus offers a profitability of 4.852%.

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