(In paragraph 2, he corrects to show that Waller speaking on CNBC. Correct paragraph 3 to read: “Also warned that the Fed could announce in September that it would begin to . . . “”, no” . . . the Fed may start cutting its monthly bond purchases in September. . . “)
* Decline in the expansion of the U. S. productive sectorU. S. -ISM
* Senate introduces $1 billion infrastructure bill
* Square raises $29 billion postpaid deal
* Focus on industry data, this week’s employment report
* Indices: Down 0. 28%, S
*
By Echo Wang
NEW YORK, Aug. 2 (Reuters) – The S index
Federal Reserve Gov. Christopher Waller said on CNBC at the end of the poll that the Fed could start cutting the economy through October if the next two monthly jobs reports show an increase from 800,000 to 1 million, as he said. Hold on.
He also warned that the Fed could announce in September that it would begin cutting its monthly bond purchases, which could again boost yields, which is not the most productive news for the stock market.
Previous data for the day showed that while U. S. production was in the offing. U. S. It increased in July, slowing for a moment in a month in a row as spending returned on goods and commodity shortages persisted.
Weaker-than-expected knowledge also sent U. S. bond yields to their lowest level since July 20 and sent the Dow blue chips to an intraday high at the start of the session.
“A challenge for the market (. . . ) it’s increasing concern about growth,” said Rob Haworth, senior investment strategist at US Bank, “whether it’s more restrictions in China with infections on the rise in 14 provinces now, or questions about how far the U. S. will be to opt for masking mandates. “
Only 4 of the 11 S sectors
The Dow Jones Industrial Average fell 97. 31 points, or 0. 28%, to 34,838. 16, the S
Square Inc, the payments company of Twitter Inc co-founder Jack Dorsey, jumped after declaring it would buy Australian Buy now, then paying pioneering Afterpay Ltd for $29 billion.
With the knowledge of production weaker than expected, investors’ attention is now focused on the knowledge of the services sector on Wednesday and the Monthly Employment Report of the Ministry of Labour on Friday.
After the combined quarterly reports from the tech giants last week, this week all eyes are on the earnings of Eli Lilly and Co, CVS Health Corp and General Motors Co.
Volume in the U. S. stock marketIt trades 8. 80 billion shares, compared to an average of 9. 77 billion for the full consultation over the last 20 trading days.
The lowest problems outnumbered the highest on the New York Stock Exchange through a ratio of 1. 07:1; on the Nasdaq, a ratio of 1. 05 to 1 favored the gains.
The S
(Echo Wang reports from New York; additional reports through Sagarika Jaisinghani, Sruthi Shankar and Shashank Nayar in Bengaluru; edited through Shounak Dasgupta, Arun Koyyur and Dan Grebler)
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