Disappointing Jobs Data May Lead To Initial Weakness On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Thursday, 05 September 2024 09:26:00 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a modestly lower open on Thursday, with stocks likely to move to the downside after ending the previous session narrowly mixed. The futures edged lower following the release of a report from payroll processor ADP showing private sector employment in the U.S. increased by much less than expected in the month of August. ADP said private sector employment rose by 99,000 jobs in August after climbing by a downwardly revised 111,000 jobs in July. Economists had expected private sector employment to jump by 145,000 jobs compared to the addition of 122,000 jobs originally reported for the previous month. ?The job market's downward drift brought us to slower-than-normal hiring after two years of outsized growth,? said ADP chief economist Nela Richardson. ?The next indicator to watch is wage growth, which is stabilizing after a dramatic post-pandemic slowdown.? The data is likely to a... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports A report released by payroll processor ADP on Thursday showed private sector employment in the U.S. increased by much less than expected in the month of August. ADP said private sector employment rose by 99,000 jobs in August after climbing by a downwardly revised 111,000 jobs in July. Economists had expected private sector employment to jump by 145,000 jobs compared to the addition of 122,000 jobs originally reported for the previous month. Meanwhile, the Labor Department released a report on Thursday showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 31st. The report said initial jobless claims dipped to ... [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of C3.ai, Inc. (AI) are moving sharply lower in pre-market trading after the artificial intelligence company reported weaker than expected fis... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Europe European stocks are turning in a mixed performance on Thursday after having hit a two-week low on Wednesday on growth worries. Eurozone retail sales volumes rose by 0.1 percent month-on-month in July, Eurostat reported today, matching expectations. Separate data revealed German factory orders unexpectedly grew in July largely due to a surge in demand for tr... [Read More]( --------------------------------------------------------------- Asia Asian stocks ended mixed on Thursday as investors digested weak U.S. manufacturing data and waited for more U.S. data this week, including Friday's all-important jobs report for directional cues. The dollar struggled to find footing in Asian trading, helping gold prices recover some ground. Crude prices rose modestly after industry data showed a decline in inventories in the U.S. for the week ending August 30. China's Shanghai Composite Index inched up 0.1 percent to 2,788.31 after reports authorities are considering cutting interest rates on as much... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are climbing $0.71 to $69.91 a barrel after slumping $1.14 to $69.20 a barrel on Wednesday. Meanwhil... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49