The Dow Jones easily crosses the 27,000 mark and the Nasdaq scores its 31e record of the year approaching 11,000 points, up 0.52%.
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The New York Stock Exchange ended in the green on Wednesday, ignoring an indicator that revealed a sharp slowdown in job creation in the private sector in the United States in July.
Its flagship index, the Dow Jones, followed a fourth session up, rising 1.39% to 27,201.52 points
The Nasdaq landed its 31e record of the year, finishing at 10’998.40 points, up 0.52%.
The S&P 500 extended index rose 0.64% to 3,327.73 points.
The US private sector created 167,000 jobs last month, a pace slowed by the closings of shops and restaurants in a large part of the country, where cases of coronavirus are on the rise, according to the firm’s investigation. ADP business services.
Analysts were predicting 1.6 million new jobs.
“Investors believe that the ADP survey has not been a particularly useful indicator in recent months to anticipate monthly figures from the Bureau of Labor Statistics (BLS),” notes Sam Stovall, chief investment officer at CFRA Research .
The BLS, an organ of the Department of Labor, is due to release a much-awaited report on employment and the unemployment rate in July on Friday.
US President Donald Trump announced Wednesday on Fox News that the document would contain “big numbers” without specifying what it could mean.
Among other indicators on Wednesday, activity in services in the United States rebounded more strongly than expected in July according to the index of the professional association ISM.
US trade deficit narrowed 7.5% in June, according to Commerce Department data
On the health front, the US government on Wednesday announced a new investment of $ 1 billion in the drug company Johnson & Johnson’s (J&J) COVID-19 vaccine project, with at least 100 million doses guaranteed to be the key.
The title of J&J rose 0.80% on Wall Street.
The New York market was also carried by the jump in the action of Disney (+ 8.80%), which published its quarterly results Tuesday at the end of the day.
Despite a heavy net loss in the third quarter of its staggered fiscal year, the entertainment empire was able to count on a considerable increase in the number of paying subscribers on its various streaming platforms (Disney +, ESPN + and Hulu), this one s’ establishing at 100 million.
Market players have also continued to follow parliamentary discussions around new fiscal stimulus measures, with Republicans and Democrats still looking for a compromise.
“Investors realize that as this support plan is struggling to be voted, it will probably be the last,” said Mr. Stovall.
In the bond market, the rate on 10-year US debt rose to 0.5494% around 8:20 pm GMT against 0.5069% on Tuesday evening.
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