Wall Street: Negative bias after the jobs report


(CercleFinance.com) – The New York Stock Exchange is showing a negative trend after the publication of the monthly US employment report. The S&P500 is stable but the Dow Jones loses 0.4%. The Nasdaq-100 recovers 0.9% after falling 3.7% on Thursday evening.

The U.S. economy added 467,000 nonfarm payrolls in January, well above consensus, but the jobless rate rose 0.1 points to 4.0%, and the labor force participation rate remained lower to that before the health crisis.

‘Job growth continued in leisure and hospitality, professional and business services, retail, transportation and warehousing’, says the Department of Labor which publishes these figures .

In securities news, Amazon reported net profit nearly doubled in the final quarter of 2021 from the same period a year earlier, to $14.3 billion, on net sales that rose 9 % to 137.4 billion.

For its part, Ford published Thursday evening an adjusted EPS of 26 cents for the last three months of 2021, against 34 cents a year earlier, against a backdrop of an 11% decline in its deliveries in volume, to a little more of 1.1 million vehicles.

Operators will also be able to react to the quarterly publications of the media and publishing group News Corp and the video game publisher Activision Blizzard, published the evening before, as well as that of the pharmaceutical laboratory Bristol-Myers Squibb this morning.

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