New York stock markets rose as employment data reaffirmed bets of Fed rate cuts finance

Main bags to New York It gained momentum during the end of the session and finished higher on Wednesday (3), after operating without a single direction for most of the day. You Data Weaker than expected Abu Dhabi Police on job node Private sector Reinforced bets that the Federal Reserve (Federal Reserve Bank) will He cuts You expenses next week. On the other hand, the market reacted little to the developments succession to Jerome Powell As head of the US Central Bank.

The Dow Jones index closed up 0.86% at 47,882.90 points. The S&P 500 index rose 0.30% to 6,849.72 points. The Nasdaq index rose 0.17% to 23,454.09 points.

Cooling losses in the technology sector (-0.42%) throughout the day supported the improvement in indicators. Initially, technology stocks fell after The Information reported that Microsoft (-2.50%) was lowering sales targets for AI-related software. The company denied this information, which led to a rebound in the sector and the stock that ended well off its lows.

White House economic adviser Kevin Hassett has isolated himself to the bookies as the leading candidate to replace Powell as chairman of the Federal Reserve. The advance in odds came after the Wall Street Journal reported that Donald Trump’s administration had canceled a series of interviews that were scheduled to begin this week with the finalists.