Wall Street: Split between jobs report and Amazon


(CercleFinance.com) – Divided between a mixed employment report and vigorous results from Amazon, the American equity indices ended in scattered order on Friday: the Dow Jones fell less than 0.1% to 35,090 points, but the Nasdaq Composite recovered nearly 1.6% to 14,098 points.

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 held steady. lower than before the health crisis.

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

‘It’s a good surprise, even if technical factors have probably inflated the creations. At the same time, wage pressure has increased further. Also, the Fed should increase its interest rates from March, ‘reacted, however, at Commerzbank.

In securities news, Amazon jumped 13.5% the day after the publication of net profit almost doubled in the last quarter of 2021 compared to the same period a year earlier, for net sales which increased by 9%.

‘The quarter saw the fourth straight acceleration in AWS sales growth, with backlog growth hitting 61% and signaling new momentum for AWS’s most profitable (and most valuable) business’ Amazon’, pointed Jefferies.

On the other hand, Ford unscrewed by 9.7% after the publication Thursday evening, by the automaker, of an adjusted EPS down 24% for the last three months of 2021, against a backdrop of a decline of 11%. of its vehicle deliveries in volume.

Bristol-Myers Squibb gained 1.4% on the back of the pharma company’s quarterly adjusted EPS up 25%, on revenue up 8% driven by Eliquis, its immuno-oncology portfolio and new products.

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