NEW YORK (dpa-AFX) – After the rally the day before, the US stock market was stable on Thursday. Investors digested a barrage of company numbers and outlook as they await Friday’s July jobs report from the US government. Due to the technical recession in the economy, this should be analyzed in detail in the first half of the year. The labor market is a lagging economic indicator that reflects recessionary tendencies with a delay.
The Dow Jones Industrial (Dow Jones 30 Industrial) was down 0.17 percent in early trade to 33,2760.47 points, only marginally paying tribute to its 1.3 percent midweek gain. The market-wide S&P 500 rose by 0.01 percent to 4155.67 points. The NASDAQ 100 gained 0.26 percent to 13,288.29 points. The day before, it had even increased by 2.7 percent and had returned to the level of early May. The strong gains were triggered by optimistic ISM data for the service sector in July./ck/he
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