Wall Street starts off with losses as investors process new job data

new York Investors on Wall Street start the new stock market week cautiously. The leading indices Dow Jones and S&P 500 were hardly changed on Easter Monday at 33,541 and 4100 points respectively. The tech index Nasdaq recovered a large part of its losses and was down 0.3 percent. Heavyweights like Alphabet, Apple and Tesla initially weighed on sentiment.

On Friday, the US Department of Labor published the much-noticed job data for the month of March. Since there was no trading on Wall Street on Good Friday either, this data will now be processed in the courses on Monday.

The labor market in the world’s largest economy cooled slightly again in March. Outside of agriculture, 236,000 new jobs were added after 326,000 in February and 472,000 in January. The data was roughly in line with economists’ expectations. The unemployment rate was also slightly lower than expected at 3.5 percent.

Read on now

Get access to this and every other article in the

Web and in our app free of charge for 4 weeks.

Further

Read on now

Get access to this and every other article in the

web and in our app.

Further

source site-12