The rise on the New York Stock Exchange has been blown away

A minute after trading took off on the New York stock exchange, the Nasdaq index has risen 0.5 percent and stands at 14,305.71 points, while the Dow Jones rises 0.4 percent to 36,280.76 points. The S&P 500 rose 0.5 percent to 4,588.36 points.

Updated at 18.28: The S&P 500 index falls 0.1 percent, while the Nasdaq and Dow Jones are unchanged from Tuesday.

The ten-year US government bond yield falls to 4.14 percent while the VIX index, also called the fear index, falls 1.1 percent to 12.71.

Apple

“Apple was also in focus yesterday, but this time in a positive context. The company rose by 2.1 percent in value and at the same time passed 3,000 billion dollars in market value, making it the only company on the planet with such a value. Apple has also had challenges with sales over the past two years, but solid margins have nevertheless contributed to an increase in the value of the company during this period,” writes Roger Berntsen in an update from Nordnet. The share rose 0.6 percent in the opening minutes.

McDonald’s

In connection with the company’s capital market day, McDonald’s reports that it wants to open more than 8,800 locations and add 100 million members to its loyalty program by 2027. The share falls 0.1 percent.

Macro

103,000 new jobs were created in the private sector in the US in November, new figures from ADP show on Wednesday. According to Trading Economics, employment growth of 130,000 was expected. According to ADP, there was moderate growth in employment and yet another decline in wage growth. There was weakness in both goods and services, as well as falls in both manufacturing and leisure and hospitality – such as hotels, restaurants and bars.

New figures came out on Tuesday which show that the labor market in the US appears to be cooling down further. Yesterday’s JOLTS figures show that the number of unfilled positions has fallen from 9.5 million to 8.7 million, which was slightly more than expected.

“Although the number is still relatively high historically, which is usually associated with a tight labor market, the clear downward trend indicates a further cooling now. It has helped to build on market expectations that the first rate cut from the Fed will come earlier than Powell has expressed,” writes DNB Markets in a report.