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Caution in New York as Job Market Report Overshadows Hope of Interest Rate Pause

dpa-AFX 08/31/2023, 10:19 p.m

NEW YORK (dpa-AFX) – In New York, caution about the upcoming job market report has somewhat pushed the hope of an interest rate pause by the US Federal Reserve into the background. The leading index Dow Jones Industrial slipped on Thursday after a friendly start and closed 0.48 percent in the red at 34,721.91 points. It ended a four-day recovery series – for the end of August, it posted a loss of 2.4 percent.

The market-wide S&P 500 finally fell on Thursday by 0.16 percent to 4507.66 points. The technology-heavy and therefore particularly interest-sensitive selection index Nasdaq 100 claimed an increase of 0.25 percent to 15,501.07 points. On a monthly basis, however, it lost 1.6 percent./gl/he

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2023-08-31 20:19:13
#Equities #York #conclusion #Dow #slides #red #ahead #jobs #report

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