Most US stock indices declined at the close of trading today, Thursday, December 1, in light of the close anticipation of the monthly jobs report in the United States.
The head of the US Federal Reserve, Jerome Powell, said yesterday, Wednesday, that the Fed may start reducing interest rates soon, perhaps at the current December meeting.
Investors are awaiting the upcoming monthly jobs report, to be released on Friday, to find out the Fed’s direction regarding its monetary policy.
Analysts expected the US economy to add 200,000 jobs in November, after adding 261,000 in the previous October.
At the close of the session, the DowJones index fell by 0.56%, or about 194.76 points, to 34,395 points, and the S&P 500 fell by 0.09%, to 4,076.57 points, while the Nasdaq rose by 0.13% to 11482.45 points