Wall Street is trading with soft purchases this Friday after knowing the key data of employment in the United States, which will set the course of the session. The country's labor market has registered a greater than expected rebound in May, up to 272,000 new jobs since the 175,000 April, although it continues to show a downward path from the 303,000 positions created in March. In fact, the unemployment rate has increased to 4%. As for the wagesthe average hourly earnings They have also been above expectations, with an increase of 0.4% in the month and 4.1% in the interannual rate. Estimates pointed to an increase of 0.3% and 3.9%, respectively. «May jobs report seems unlikely to be a game-changer in terms of the Federal Reserve's policy outlook. As expected, FOMC members continue to give greater weight to inflation side of dual mandateand they are likely to reiterate next week that they have yet to gain the 'confidence' they seek in a return to the 2% target to allow the first rate cut to be implemented,» said Michael Brown, senior research strategist at Pepperstone. For Naeem Aslam, chief investment officer at Capital Markets, «this data release has closed discussions on a possible interest rate cut in July and has sparked discussions about limiting policy to bring inflation closer to the Federal Reserve's target.» In the weekly calculationand with the current session remaining, the New York indices are heading towards a green week, led by the Nasdaqwhich earns 2.5%, while the S&P 500 advances 1.5% and the Dow Jones 0.7%.
NVIDIA AND GAMESTOP STILL IN THE FOCUS
In today's business, Nvidia will execute, at the close of the market, the 10 for 1 splitwhich will result in its securities being listed on Monday from the $1,200 current (will depend on the definitive closure) until 120 dollars (this is an accounting effect to increase liquidity and attract retail investors). He also continues to be the protagonist GameStopwhich sinks while the market waits for Roaring Kitty reappears today on YouTube to offer his investment thesis in the company, after becoming a millionaire by speculating on the value.
TECHNICAL ANALYSIS OF THE NASDAQ 100
By technical analysis, the Nasdaq 100 offers an unbeatable look after marking all-time highs this week above 18,900 points. «For the next few weeks, it is likely that we could end up seeing 20,000 points. We will not appreciate a sign of weakness as long as it remains trading above the 18,189 pointsminimums of the 'throw back' carried out at the end of May,» explains César Nuez, analyst at 'BitcoinDynamic'.
OTHER MARKETS
In other markets, oil West Texas rises 0.21% ($75.71) and the Brent advances 0.10% ($79.91). For his part, the euro appreciates 0.60% ($1.0825), and the ounce of gold falls 2% ($2,342). Besides, the 10-year American bond yield rebounds to 4.414% and the bitcoin earns 0.8% ($71,284).