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The US bond market is worrying about a recession Private payroll rose 455,000 jobs in March Dow fell 0.19%, S&P 500 fell 0.63%, Nasdaq fell 1.21%
NEW YORK, March 30 (Reuters) – US stocks fell on Wednesday as the Dow and S&P 500 closed a four-day winning streak as signs of progress in Ukraine-Russia peace talks weakened amid a Federal Reserve. restricting economic growth. Russian forces bombed the outskirts of Kiev and a besieged city in northern Ukraine a day after they promised to cut off operations. read more The S&P recovered more than 5% in March, after starting the year with two consecutive monthly declines. However, the benchmark is on track for its first quarterly decline since the first quarter of 2020, when the COVID-19 pandemic in the United States reached full swing. Sign up now for FREE unlimited access to Reuters.com Register Share prices reacted to the securities in the negotiations to resolve the Russian invasion of Ukraine. Prices for commodities such as oil and metals have risen since the invasion, intensifying already high inflation in the US. “Ukraine is the control narrative for this market, if we are to reach a settlement and have the opportunity from this settlement for lower energy prices, which is really the key, and then some kind of return to normalcy as far as the world economy is concerned. which is really positive for the market, “said Rick Meckler, a partner at Cherry Lane Investments in New Vernon, New Jersey. “If not, we will continue to go back and forth as the market tries to digest who the winners and losers are because there are many unintended consequences of this war,” McClellan added. The Dow Jones Industrial Average (.DJI) fell 65.38 points or 0.19% to 35,228.81 points, the S&P 500 (.SPX) lost 29.15 points or 0.63% to 4,602.45 and the Nasdaq Composite 7 points, scored 3.3 points (IX1). 1.21%, to 14,442.28. As inflation intensifies, speculation is mounting that the US Federal Reserve may become more aggressive in raising interest rates, which could limit economic growth. The S&P energy index (.SPNY) was the leading industry in the positive with an increase of 1.17%. It has grown by almost 40% this year, which would mean its strongest quarterly performance ever. The sector is currently one of only three positives in the year and has well surpassed the next with the closest return to utilities (.SPLRCU), which grew by almost 4% year-on-year, but closed at a record high for fourth consecutive meeting. Some investors have taken a defensive stance amid fears of the Fed tightening and recent signals in the bond market, which often serve as precursors to a recession. read more However, economic data continue to suggest a strong labor market. The ADP National Employment Report showed that private wages rose by 455,000 jobs last month after rising by 486,000 in February. Investors will watch Friday’s payroll report. read more Lululemon Athletica Inc (LULU.O) rose 9.58% after forecasting earnings and revenue for the whole year above estimates, as demand for sportswear remains high. read more The volume on the US stock exchanges was 11.69 billion shares, compared to the average of 13.93 billion for the full session in the last 20 trading days. The falling issues outperformed the NYSE by 1.24 to 1. On the Nasdaq, a 1.98 to 1 ratio favored the downtrend. The S&P 500 recorded 44 new highs of 52 weeks and 1 new low. the Nasdaq Composite recorded 51 new highs and 47 new lows. Sign up now for FREE unlimited access to Reuters.com Register Report by Chuck Mikolajczak. Editing: Will Dunham and David Gregorio Our role models: The Thomson Reuters Trust Principles.
