NEW YORK, July 8 (Reuters) – The New York Stock Exchange ended in mixed order on Friday after a lackluster session, marked by investor hesitation over the impact that the better job creations figure could have than expected on the Federal Reserve’s aggressive monetary tightening strategy.
The Dow Jones Industrial Average fell 0.15%, or 46.4 points, to 31,338.15 points.
The broader S&P-500 also fell 3.24 points, or 0.08%, to 3,899.38 points.
The Nasdaq Composite, on the other hand, gained 13.96 points (0.12%) to 11,635.31 points.
Wall Street had opened lower after the publication by the Labor Department of job creation figures better than expected in the United States in June, with an unemployment rate stable at 3.6%.
The indices then turned higher as investors digested this data and began to look to consumer price figures, which will be released on Wednesday, and the kick-off next week of the season. results of large companies.
“Over the past few days, some have started to see signs of improving inflation and think that’s going to give the Fed a good reason to back off on rate hikes,” said Derek Izuel, chief investment officer at Shelton Capital. Management.
“The market is expecting a big move higher when there are really clear signs of an easing in the Fed’s rate hike path, and no one wants to miss that,” he continued. “So there’s going to continue to be volatility and all these false starts along the way.”
A sign of this persistent volatility in the markets, the Dow Jones returned to the red at the end of the session.
Over the week, the flagship index of the New York Stock Exchange, however, gained 0.8%, the S&P-500 took 1.9% and the Nasdaq jumped 4.6%.
On the value side, the results of Levi Strauss were greeted (+ 1.03%), while Twitter fell 4.85%, the Washington Post having reported that the plan to buy the social network by Elon Musk was “seriously threatened “.
(Report by David French, French version Tangi Salaün)