Major stock indexes in Wall Street closed mixed on the eve of the publication of data on the number of jobs in non-farm payrolls on Friday.
In addition, as shown by data provided by Automatic Data Processing (ADP), employment growth in the US private sector accelerated in June, and were higher than forecasts of experts. According to the report, in June the number of employees increased by 172 thousand. People in comparison to the revised downward index for May at the level of 168 thousand. (Originally reported growth of 173 thousand.). Analysts had expected the number of people employed will increase by 159 thousand.
At the same time, the number of Americans who applied for unemployment benefits fell last week, offering yet another confirmation that the labor market remains on a sound basis, despite weak jobs growth in May. unemployment initial claims for benefits decreased by 16,000 and reached a seasonally adjusted 254,000 for the week ending July 2nd. The drop rate closer to 43-year low of 248,000 reached in mid-April.
DOW index components ended the session mixed (16 black, 14 red). Outsider were shares of Verizon Communications Inc. (VZ, -1,62%). Most remaining shares rose Intel Corporation (INTC, + 0,88%).
Sector of the S & P closed without any dynamics. Most utilities sector fell (-1.7%). The leader turned out to be the service sector (+ 0.4%).
At the close:
Dow -0.14% 17,894.19 -24.43
Nasdaq + 0.36% 4,876.81 +17.65
S & P -0.09% 2,097.83 -1.90