Mixed picture was shown by the basics markers her Wall Street Today (4.6.2025) in the wake of new data on the American economy.
Specifically, Wall Street’s Dow Jones index dropped 0.22%, closing at 42,427.74 points and interrupting the upward series of four consecutive meetings.
In contrast, the S&P 500 barometer remained almost unchanged, with a marginal rise of 0.01% to 5,970.81 points and the technological Nasdaq rose 0.32%, closing 19,460.49 points.
At the same time, US government bonds rose, with yields receding, as the weaker financial data has reinforced estimates that the Federal Bank (Fed) may proceed with two interest rates in 2025 in order to prevent one possible.
The new indications of slowing economic activity were confirmed by the course of the services sector, which has been shrinking, and the labor market appeared to lose dynamic.
ADP’s report on the private sector showed an increase of only 37,000 jobs in May, compared to April 60,000 and significantly lower than analysts’ forecasts, which expected about 110,000 new posts according to a Dow Jones poll.
This report comes just days before the publication of official government officials outside the agricultural sector, which are expected on Friday, with estimates referring to a 125,000 -seat increase in May.