메뉴 건너뛰기

XEDITION

등업게시판

March private payrolls up 184,000 vs est. of 148,000



Powell scheduled to speak at 1210 ET (1610 GMT)



Intel down after revealing deepening losses at chip-making unit

*

Indexes up: Dow 0.19%, S&P 0.34%, Nasdaq 0.41%

(Updated at 10:29 a.m. ET)

By Sruthi Shankar and Shashwat Chauhan

April 3 (Reuters) - Wall Street's main indexes swung higher on Wednesday after softer-than-expected services sector data offered relief to investors worried about the Federal Reserve taking a cautious approach to monetary easing.

A survey from the Institute for Supply Management (ISM) showed U.S. services industry growth slowed further in March, while a measure of prices paid by businesses for inputs dropped to a four-year low, which bodes well for the inflation outlook.

"It wasn't quite as hot as we had anticipated and because it is services data, we might think that's a good thing," said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh.

Futures had come under pressure after data earlier showed private payrolls rose by 184,000 jobs in March, beating economists' forecast of an increase of 148,000.

The tech-heavy Nasdaq and the blue-chip Dow closed at two-week lows on Tuesday as Treasury yields rose to multi-month highs after solid manufacturing activity and factory orders data raised doubts over the prospect of three rate cuts the Fed had forecast for 2024.

"The market has come around to the Fed's expectation for three rate cuts this year, but if we continue to get strong labor market data, it's going to push them further towards fewer than three cuts this year," said Ross Mayfield, investment strategy analyst at Baird.

The benchmark 10-year U.S. Treasury yield edged higher to 4.4033%, having hit a fresh high for the year earlier in the day.

Traders are pricing in a 57% chance the Fed will cut interest rates by 25 basis points in June, according to CMEGroup's FedWatch tool, down from about 64% a week ago.

The Fed should not cut its benchmark interest rate until the end of this year, Atlanta Fed President Raphael Bostic said, phising as he maintained his view that the U.S. central bank should reduce borrowing costs only once over the course of 2024.

Fed Chair Jerome Powell is set to speak at 1210 ET (1610 GMT).

Focus is also on the Labor Department's jobs report on Friday that is expected to show U.S. nonfarm payrolls increased by 200,000 jobs in March, following 275,000 job additions in February.

At 10:29 a.m. ET, the Dow Jones Industrial Average was up 75.08 points, or 0.19%, at 39,245.32, the S&P 500 was up 17.61 points, or 0.34%, at 5,223.42, and the Nasdaq Composite was up 66.85 points, or 0.41%, at 16,307.30.

Among individual stocks, Ulta Beauty tumbled 13.4% after the beauty retailer gave downbeat forecast at an industry conference. Shares of e.l.f. Beauty fell 8.3%, while Coty dropped 3.8%.

Intel fell 6.4% after the chipmaker disclosed $7 billion in operating losses for its foundry business in 2023, steeper than the $5.2 billion reported the year before.

Advancing issues outnumbered decliners by a 1.24-to-1 ratio on the NYSE and 1.05-to-1 ratio on the Nasdaq.

The S&P index recorded 28 new 52-week highs and three new lows, while the Nasdaq recorded 45 new highs and 77 new lows. (Reporting by Sruthi Shankar and Shashwat Chauhan in Bengaluru; Editing by Saumyadeb Chakrabarty and Shinjini Ganguli)

번호 제목 글쓴이 날짜 조회 수
공지 esky에 오신걸 환영합니다. 관리자 2024.12.09 33
2485 Manfaat Main Judi Online Yang Nyatanya Banyak Untungnya BenjaminVangundy77 2025.07.11 2
2484 Jadi Ini Kesalahan Dalam Main Judi Online Domino Itu DorethaMorton091 2025.07.11 2
2483 US STOCKS-Wall St Edges Up With Earnings, Rate-cut Expectations In... TeresaGarey46711004 2025.07.11 0
2482 Begini Cara Memperbesar Kesempatan Menang Main Judi Online LucySwartwood426 2025.07.11 0
2481 Jenis-jenis Game Judi Online Kartu Paling Terkenal Di Indonesia JeannetteHuffman233 2025.07.11 0
2480 Kelebihan Dan Kekurangan Main Judi Online Domino Nyatanya Begini SilkeJemison81870657 2025.07.11 0
2479 Kenapa Judi Online Begitu Seru Dan Banyak Peminatnya? Darin11B1180045 2025.07.11 0
2478 Inilah Sejarah Kemunculan Domino Dan Tata Cara Bermainnya VaniaChristopher5 2025.07.11 0
2477 Beberapa Istilah Dalam Permaian Judi Online Yang Mesti Anda Kenal Sekarang Juga DICRoma914083546 2025.07.11 2
2476 Type Permainan Judi Online Yang Paling Menarik Anda Mainkan MistyMcGarry183 2025.07.11 2
2475 Cara Pilih Web Judi Online Terpercaya 2021 Jefferson11L794 2025.07.11 0
2474 Inilah Keunggulan Bermain Judi Online Memanfaatkan Android DomenicShimp34367 2025.07.11 2
2473 Permasalahan Teknik Yang Sering Berjalan Pada Game Judi Online Poker Seperti Ini JRSBrigida148895 2025.07.11 0
2472 Teknik Main Judi Online Bola Biar Mudah Menang TEYRickie0661640644 2025.07.11 0
2471 Beberapa Ciri Web Judi Online Domino Yang Aman Dan Terpercaya DonetteMcLellan9 2025.07.11 0
2470 The Most Affordable Private Jets To Rent: A Comprehensive Information LovieB8222034882 2025.07.11 2
2469 Observational Analysis On Modafinil Online Shopping: Trends, Practices, And Implications VallieOlive7564002 2025.07.11 2
2468 Best Company To Rollover IRA To Gold: A Complete Research Report BarbaraBatson57 2025.07.11 2
2467 Metode Menang Jutaan Rupiah Di Judi Online Bandarqq LydiaGowlland09602 2025.07.11 0
2466 Kendala-kendala Main Judi Online Poker Itu Begini Ternyata DewittWine1407222574 2025.07.11 2
위로