More
    HomeAsian economyStocks rise, but gains capped thanks to weak jobs data

    Stocks rise, but gains capped thanks to weak jobs data

    Published on

    US Stock Market Highlights: The Dow Jones Industrial Average declined on Wednesday (June 4), snapping a four-session winning streak, as weaker-than-expected private payroll data dampened investor sentiment. The Dow fell 91.90 points, or 0.22%, to close at 42,427.74. In contrast, the S&P 500 inched up 0.01% to 5,970.81, and the Nasdaq Composite rose 0.32% to end at 19,460.49.

    US Stock Market Highlights: Stocks rise, but gains capped thanks to weak jobs data

    US Stock Market Highlights: The Dow Jones Industrial Average declined on Wednesday (June 4), snapping a four-session winning streak, as weaker-than-expected private payroll data dampened investor sentiment. The Dow fell 91.90 points, or 0.22%, to close at 42,427.74. In contrast, the S&P 500 inched up 0.01% to 5,970.81, and the Nasdaq Composite rose 0.32% to end at 19,460.49. The decline followed a report from payroll processor ADP, which showed private sector jobs increased by just 37,000 in May — the slowest pace in more than two years. This figure came in below both the revised April reading of 60,000 and the consensus estimate of 110,000, raising fresh concerns about the health of the labour market amid persistent trade policy uncertainty.

    Source link

    Latest articles

    Lucy Liu in Harrowing Mental Health Crisis Drama

    In Rosemead, Eric Lin crafts a modest and heartbreaking story of domestic isolation and...

    The meeting of the American and Chinese delegations on the trade agreement will take place on June 9 – Trump

    US President Donald Trump announced that a meeting of US representatives with a Chinese...

    Trump announces U.S.-China trade talks in London next week

    U.S. Secretary of the Treasury Scott Bessent, U.S. Trade Representative Jamieson Greer, Li Chenggang,...

    More like this

    Asian markets edge up ahead of US jobs data; Hong Kong’s Hang Seng marginally lower; oil slips

    Asian shares traded mostly higher on Friday as investors awaited a crucial...

    3 Asian Growth Stocks With Insider Ownership Expecting Up To 36% Earnings Growth

    As global markets navigate the complexities of trade...

    Vietnam scraps two-child policy as aging threatens economic growth

    HANOI, Vietnam — Vietnam has abolished its long-standing two-child limit to try and reverse...