S&P 500 rose slightly on Tuesday (9.9.25) to Wall Street as investors were trying to overcome concerns about the situation of the American economy.
Specifically, the S&P 500 rose +0.27%, Dow Jones rose by +0.43%and Nasdaq recorded +0.37%. All three indicators moved positively, generally pointing to markets.
Investors’ concerns that the economy may not withstand as well as previously believed on Tuesday, after the Work Statistics Office informed employment data for 12 months to March, reducing total payroll increases during that period by 911,000. The revisions were not only at the highest limit of Wall Street forecasts, but they were also the largest recorded since 2002.
“I think the economy is weakening,” JPMorgan Chase CEO Jamie Dimon told CNBC shortly after the report was published. “I don’t know if it is heading towards the recession or is simply weakening.”
While Tuesday’s figures had little impact on shares because they concerned figures six months ago, the report may boost calls to the US Federal Bank to be more aggressive with interest rates reductions this year.