Dow Jones tries to straighten the course while employment shows signs of deceleration

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By Jack Ferson

Dow Jones tries to straighten the course while employment shows signs of deceleration

The Dow Jones index remains plane over 42,423.1 points, while the S&P 500 is positively traded, in 5,987.21 points the Nasdaq 100 rises 0.19 % to 19,496.62 points.

Wall Street comes from one day from more to less yesterday Wednesday that finally resulted in a mixed closure: the Dow Jones dropped 0.22%, ending a busy run of four consecutive days, while the S&P 500 managed to advance a slight 0.01%and the Nasdaq technological technological added 0.32%.

At the moment, the three major indices point to profits so far this week. The S&P 500 has risen 1%, while Dow Jones has risen 0.4%. The Nasdaq, with a strong technological component, has risen 1.8% so far this week.

Shortly before the opening we have known that United States president Donald Trump, maintained a phone call with China’s president Xi Jinpingas reported today by the Chinese media Xinhua. The call was initiated by Trump, said Beijing’s Ministry of Foreign Affairs in a later statement. According to reports, Trump has been anxious to talk to XI, since the tense commercial relations between the two countries were further worn out in the last week.

On the macroeconomic agenda, today investors have known before the bell touch the usual weekly data of initial applications for unemploymentwhich gain special interest after the scare that the ADP report of the private sector, which showed a strong deceleration in job creation in May: 37,000 hiring, below 62,000 of the previous month and even more in front of the 110,000 expected by the market.

Las private sector payrolls increased by only 37,000 in May, according to a report published Wednesday by the ADP payroll processing firm. The almost stagnation of the hiring in the private sector was well below the forecast of the Dow Jones analysts of 110,000 for the month and represents the total monthly jobs of the ADP counting since March 2023. In a social Truth publication after the publication of the data, Trump attacked the president of the Federal Reserve, Jerome Powell, and urged him to cut the interest rates. «‘Too late’ Powell must now lower the rate. It’s amazing !!», the president wrote. The ADP report was not the only sign on Wednesday that the United States economy could be decelerated. In his periodic summary of the «Beige Book» of the conditions, the Fed said that «economic activity has decreased slightly from the previous report» in the midst of price increases related to tariffs and political uncertainty.

The Challenger report has also come to light, which shows that The number of layoffs announced by US companies in May was 93,816. The April figure stood at 105,441.

The main course of the week will arrive tomorrow Friday with the publication of the report of non -agricultural payrolls of the Department of Labor. Economists predict an increase of 125,000 jobs and a stable unemployment rate at 4.2% during May.

«After the rebound of the last month -favored by a certain relaxation of the tone in the commercial war -the bags now face a period of more caution with downward reviews of BPA, weakening of the economy, inflationary risk and greater fiscal imbalances that will raise the temporal premium (term premium) of the bonds and will negatively affect the valuations,» the Bankinter analysts warn in a note.

Protagonist values ​​of Wall Street

In the business field, today investors will know the results of the second trimester of Broadcom, which will serve to take the pulse to the demand for AI. However, we will have to wait until the closing of the regular day. The quoted rises 0.2% in the first minutes of negotiation.

Procter & Gamble has announced that will cut 7,000 jobs, or approximately 6% of its total workforce, over the next two years. The company cuts behind Gillete, Pantene or Ariel is part of a new restructuring plan to counteract the unequal demand of consumers and the increase in costs due to tariff uncertainty.

In fact, the world’s largest consumer goods company also plans to retire from some categories of products and brands in certain markets, according to executives at a Deutsche Bank consumer conference held in Paris. They added that the program could probably include some divestments, without giving more details. The company’s shares yields 0.4% in the opening, up to $ 165.11

Five Below adds 8% in the opening after the retail chain has published A benefit per share of 86 cents and income of 971 million dollars In his first quarter. The analysts had waited 82 cents per earning action and 967 million income. On the other hand, she announced that the financial director, Kristy Chipman, will leave office.

15% Mongodb shoots in pre -art. The company has sprayed the analysts’ forecasts, with Gains per share of 1 dollar that are compared to the 66 cents per expected title. In the income line, the technological reached a figure of 549 million, compared to the estimated 528 million. For its second fiscal quarter, the company predicts gains between 62 and 66 cents per share and income of between 548 and 553 million. The analysts’ forecasts were 58 cents per share and 549.3 million, respectively.

In other news, Circle Iternet Group He has set the price of its initial public offer (IPO) in $ 31 per share, exceeding the expected range of between 27 and 28 dollars per share.

The clothing retailer, Lands’ End, rises around 0.9% after saying that it has taken measures to mitigate the effect of the highest tariffs on their business. Lands End lost 18 cents per action, excluding extraordinary items, in the first quarter, coinciding with the consensus prognosis of the analysts surveyed by Factset. The revenues of 261.2 million dollars did not reach the estreet estreet estimate of 273.7 million dollars.

Brown-Forman, the jack daniels whiskey distillery, falls around 15% after the profits of the fourth fiscal quarter of 31 cents per action did not meet the expectations of 34 cents Wall Street. Brown-Forman’s revenues of 894 million dollars were also below 964.7 million dollars estimated by analysts surveyed by Factset.

In the analysts ‘recommendations, Jefferies has trimmed Chewy’s recommendation from’ Buy ‘A’keep‘. While the target price at $ 43 per share, this Valuation is 9% below yesterday’s closure. «Chewy’s shares have risen 41% this year and quote the EBITDA of 2026 … an assessment that promises an overcoming of expectations and an increase in guides. We believe it is unlikely,» explains analyst Kaumil Gajrawala.

Mizuho has improved the higher performance visa rating since neutral. The Investment Bank said that the penetration of credit cards in the United States still has space and that visa volume growth in the United States can overcome inflation for another decade.

JPMorgan Chase has uploaded the recommendation of Dollar Tree from Neutral to raising one day after Dollar Tree fell more than 8% after his latest profit report.

In raw material markets, West Texas oil prices rise 1.5% to $ 63.82 per barrel, while reference brent in Europe is paid at $ 65.73, with a rise of 1.3%.

The dollar continues to languish in the currencies, with the euro rising 0.12% in front of the green ticket until leaving the exchange rate in $ 1,1432 for each single currency.

In the fixed income, the American bonus at ten years offers a profitability of 4,351%.

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