New York Stock⁢ Exchange News ​Overnight

This time, we will connect to Shinyoung Securities to find out about the New York Stock Exchange news overnight. Caster Ahn Ye-eun,‌ please tell us.

Market Overview

The New York stock market ⁣closed mixed. The Dow and S&P‌ 500 indexes closed down 0.5% and 0.3%, respectively, ‍while the ‌Nasdaq index⁣ closed up 0.2%. As the ’employment index’ and ‘service industry‌ index’⁤ sent mixed signals, the market also failed to show a clear direction.

Economic Indicators

Private sector​ employment, announced⁢ that day, increased by 99,000 from‍ the previous month, significantly ⁢below market expectations. This is ⁣the⁤ lowest figure in three years, and has heightened concerns about an economic slowdown.

On the‌ other hand, the August⁢ ‘Services Purchasing Managers Index’, which⁤ shows the performance of the U.S. service industry, was released ‌with better results than market expectations.

Stock Performance

Looking at each stock, Tesla‍ showed a sharp rise of 4% for two consecutive days. Tesla rose 4.9% ⁢after it announced⁣ it would ​launch its “fully autonomous driving software” in Europe and China next year.

Amazon also rose 2.6% and Nvidia rose 0.9%.

Upcoming Employment ⁤Numbers

The U.S. August employment ​numbers are due out tonight in our‌ time. Last month, the⁢ US employment figures showed a sharp deterioration, which led to a ‘collaborative plunge’ in global stock markets in early August, so there is a lot of interest in the data that⁢ will be released tonight.

The market is expecting the‌ ‘August unemployment ‍rate’ to be announced at 4.2%, a slight decrease⁣ from the previous month, and the ‘new non-farm jobs’ to be announced at 165,000, an increase of 50,000 from the previous⁣ month.

This was Shinyoung Securities.

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