Major US stock indexes on Wednesday traded without a single dynamics; investors assess the prospects for the recovery of the US economy in anticipation of the publication of macro data on the country, according to trading data.
The Dow Jones Industrial Average was down 0.04% to 34560.34 points; the NASDAQ high-tech companies index grew by 0.05% to 13744.69 points. The S&P 500 broad market index decreased by 0.03%, to 4200.9 points. Minutes earlier, all three indices showed growth.
This week, traders are awaiting the publication of several macroeconomic data. So, on Thursday, the analytical company Automatic Data Processing (ADP) will publish data on the change in the number of jobs in private US companies in May. Analysts expect the indicator to grow by 650 thousand against the rise by 742 thousand a month earlier.
They will pay attention to the Friday publication of the US Department of Labor data on employment in the country. Decrease the unemployment rate in the country in May to 5.9% from 6.1% in April. Furthermore, an increase in the number of people employed in non-agricultural sectors of the economy by 664 thousand April rose by 266 thousand.
Esther Baroudi, senior portfolio manager at State Street Global Advisors, notes that investors are also currently watching the rise in commodity prices, especially closely, as this trend reinforces their concerns about continued high inflation.
“Now there is a serious recovery (of the economy – ed.), And this pushes the prices of basic goods,” the Wall Street Journal quoted the expert as saying. she also pointed out that this is mainly due to the growth of the US economy.
