NEW YORK (Reuters) – The New York Stock Exchange ended lower on Friday after the publication of the monthly report on employment in the United States which confirms the scenario of an imminent hike in Federal Reserve rates.
The Labor Department announced before the opening of the creation of fewer jobs than expected but a drop in the unemployment rate and a marked increase in wages.
The Dow Jones index has cd 0.01%, or 4.81 points, 36231.66 points.
The larger S & P-500 lost 19.02 points, or -0.41%, 4677.03 points.
The Nasdaq Composite fell 144.96 points (-0.96%) 14,935.90 points.
Over the week, the S&P lost 1.87%, the Dow 0.29% and the Nasdaq dropped 4.53% – its largest weekly percentage drop since the end of February 2021 – according to provisional data.
The American economy created 199,000 jobs last month when the consensus expected 400,000, but the unemployment rate fell 3.9%, a level considered by some to correspond to full employment, and the hourly wage increased by 0, 6% over one month.
These last two figures could provide additional arguments for the Fed to advance the tightening of its monetary policy.
Technology stocks were once again penalized by the prospect of a rise in the cost of credit, while financiers took advantage of the expected rate hike, which should boost the sector’s margins.
At particular values, game distributor Gamestop climbed 7.3% after announcing the launch of a division to develop a non-fungible token (NFT) trading platform and enter into partnerships in the cryptocurrency market. .
(French version Marc Angrand and Jean-Stphane Brosse)
by Caroline Valetkevitch