(TPR typo §1)
PARIS (Reuters) – The New York Stock Exchange ended in disarray on Friday, with technology stocks battered, investors fearing a continuation of the Fed’s aggressive monetary policy after better than expected employment figures in the United States. United.
The Dow Jones Industrial Average gained 0.1%, or 34.87 points, to 34,429.88 points.
The broader S&P-500 lost 5.17 points, or -0.13%, to 4,071.40 points.
The Nasdaq Composite fell for its part by 20.95 points (-0.18%) to 11,461.50 points.
The publication of the employment report in the United States highlighted job creations that exceeded expectations, raising fears of a further marked monetary tightening by the American Federal Reserve (Fed).
“Strong job creation and strong wage growth reinforce the Fed’s argument that much more needs to be done to get inflation under control,” said James Knightley, chief economist at ING.
VALUES
On Wall Street, growth and technology stocks suffered from investor concerns about the pace of rate hikes, such as Apple and Amazon.
(Report Matthieu Protard)
Copyright © 2022 Thomson Reuters