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Investing.com – Wall Street’s main indices fell during these trading moments, on Tuesday, affected by the release of important US economic data.
The “500” index decreased by 0.4%, while the index fell 0.8%. While it was stable without rising or falling.
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Pharmaceutical giant Merck & Co. (NYSE:) announced a boost thanks to strong Keytruda sales. Merck shares rose 1.6 percent. Caterpillar Inc. (NYSE:) also announced an increase in the company’s stock by 7%.
Pfizer (NYSE:) added 1.7% even after Covid posted, while Uber (NYSE:) lost nearly 5% due to the combination.
This week marks the busiest second quarter earnings period, as more than 160 S&P 500 companies are scheduled to announce results. More than half of the companies in the broad market index have already reported their results, with 82% exceeding earnings expectations. This has fueled some hopes that the economy can avoid a recession, as inflation shows signs of abating.
Lucid Motors (NASDAQ:) shares are down 4.8%, at $7.25. While Tesla shares (NASDAQ:) fell 1.4% to $263.85. Alibaba Group Holding Ltd. ADR (NYSE:) shares fell 1.28% to $100.83.
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Important data
The US economy added, according to, about 9.582 million jobs, while experts expected an addition of 9.610 million, and the previous reading was at 9.616 million jobs.
The index for the month of July scored 49 points, which is what experts expected, while it recorded 46.3 points in the previous reading.
(ISM) recorded for the month of July 46.4 points, while expectations indicated that it would score 46.8 points, and the previous reading was at 46 points.
While (ISM) scored 42.6 points in July after it was destined to score 42.8 points, after it scored 41.8 points in February.
markets now
It fell by 1.25% to 1984 dollars an ounce.
While it fell by 0.95% to 1946 dollars an ounce.
On the other hand, it rose by 0.43% to 102,073 points.
It fell by 0.9% to $84.67 a barrel.
Texas crude fell 0.95% to $81.02 a barrel.
2023-08-01 14:50:00
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