Another record close for the S&P 500 index, which closed at a new high for the sixth consecutive session, rising by 22.44 points (+ 0.52%), to 4,319.94 points.
The Nasdaq recorded a rise of 18.42 points (+ 0.13%), to 14,522.38 points; the Dow industrial average advanced by 131.02 points (+ 0.38%), to 34,633.53 points.
Today is a crucial day for Wall Street with the publication, at 2.30 pm Italian time, of the US employment report for June.
Goldman Sachs analysts released their preview:
“We estimate growth in new jobs of 750,000 in June; thanks to very strong labor demand and continued advances in vaccinations and the reopening of the economy, we believe that employment growth has likely picked up pace further in the month. We predict a two-tenth drop in the unemployment rate, to 5.6%, confirming the strong improvement in employment in the face of further growth in the participation rate in the workforce ”.
Dow Jones economists predict new jobs growth of 706,000, with the unemployment rate falling from 5.8% to 5.6% after the payroll hike of 559,000 in May.
Hourly wages, on average – an important gauge of US inflation – are expected to rise by 0.3% on a monthly basis, up by 3.6% on an annual basis.
Yesterday the publication of the initial requests for unemployment benefits, which fell, in the week ending June 26, to 364,000 units, reaching the new low of the pandemic era, should be noted.