Home Business Wall Street nervous with payroll growth at 2021 lows, Tesla -3% after Musk sells $ 1bn of shares

Wall Street nervous with payroll growth at 2021 lows, Tesla -3% after Musk sells $ 1bn of shares

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Volatile performance for Wall Street after the cold shower of the November data of the labor market which saw the pace of growth in jobs at the lowest levels of 2021. After an upward start, all the main indices are traveling down, with more than -1% for the Nasdaq, -0.33% for the Dow Jones and -0.25% for the S&P 500.

Job shortages continue to persist overseas and only 210,000 new jobs were created in November, less than half what analysts predicted and the lowest rate since the end of 2020. The unemployment rate has dropped to 4, 2% from 4.6%.

Among the stories of the day we note the collapse of 11% of Didi. The Chinese giant has announced that it will begin delisting from the New York Stock Exchange and will instead plan listing in Hong Kong.

Among the big Techs, Tesla fell (-3% to $ 1,058) with Elon Musk who sold other shares for over 1 billion dollars, bringing the total shares sold since the beginning of November to almost 11 billion.

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