Major US stock indexes are falling on Thursday after publishing statistics on the country’s labor market.
The Dow Jones (DJIA) is down 0.08% to 35456.34 points, the NASDAQ high-tech index is down 0.24% to 14,730.7 points, and the S&P 500 broad market index is down 0.14% to 4441, 4 points.
The number of initial applications for unemployment benefits in the United States for the previous week fell by 12 thousand compared with the revised figure of the last week – to 375 thousand. However, the indicator was in line with analysts’ forecasts.
Certain corporate news also has a particular impact on trading. Thus, the world’s largest online auction, eBay, has reported on its financial results. For the half-year, the company’s net profit increased 2.7 times, to 11.4 billion dollars, revenue – by 28%, to 5.306 billion. At the same time, eBay expects a decline in revenue and the number of active buyers for the current quarter. As a result, the company’s shares are down 2%.
In addition, companies such as Disney, Airbnb, and DoorDash will report their results for the previous quarter on Thursday after the close of trading.
Chief investment officer of Kleinwort Hambros Fahad Kamal, whose opinion by the Wall Street Journal, notes that the last few days, the growth of American indices by the reporting of companies, news of the government’s adoption of an infrastructure package, as well as data on the persistence of inflation.
According to Kamal, consumer price data supports the US Federal Reserve’s position that high inflation is temporary.
