The Dow Jones index in Wall Street finally lost 1.07% to 33,922.6 points after giving up 1.50% in the session. The Nasdaq fell 0.82% to 13,679.04 points and the broad S&P 500 index fell 0.79% to 4,411 points.
Rates on two-year Treasury bonds rose to more than 5.10%, the highest since 2006, before the housing and financial crisis.
June private sector job creation in the US, according to the ADP/Standford Lab survey, was surprisingly strong, dragging the indices lower.
Investors, on the other hand, fear that the Central Bank will further raise rates to calm this overheating of employment, which could fuel inflation.
On Friday, just before the stock market opens, the Labor Department releases its numbers for June. Analysts forecast 220,000 new hires compared to 339,000 in May, with an unemployment rate of 3.6% compared to 3.7% the previous month.
The VIX index, called the “fear” index because it reflects market volatility, was shaken, reaching its highest level in a month.
As for values, no sector was spared from the fall, from energy (-2.45%) to real estate (-0.60%) through communication services (-1.21%).
Meta fell 0.81% after launching a new social network, Threads, which aims to rival Twitter.
Tesla lost 2.10%, Google 1.39% and Amazon 1.55%.
The American airline JetBlue lost altitude (-7.18%), to 8.66 dollars after having decided to give up its partnership with American Airlines.
As the market awaits official June employment data for the country to be released on Friday, the Dow Jones was down 0.71%, the Nasdaq tech index was down 1.00% and the broad S&P 500 index was down 0.88% at the open. .
Rates on two-year Treasury bonds were at their highest level since 2006, at 5.07%.
The New York stock market ended slightly lower on Wednesday, little surprised by the minutes of the latest Federal Reserve meeting on monetary policy, which suggests more interest rate hikes this year.
The Dow Jones index lost 0.38% to 34,288.64 points, while the Nasdaq technology index lost 0.18% to 13,791.65 units, and the S&P 500 0.20% to 4,446.82 points.
According to extracts from the minutes of their last meeting on June 14 and 15, “almost all” of the members of the Fed’s monetary committee voted in favor of a pause in interest rate hikes, but they estimate that to bring inflation down to its 2% target, further adjustments will be needed.
FUENTE: With information from AFP
