Wall Street establishes more records, but bond yields fall after the discouraging data of the labor market

New York (AP) – The shares increased to more records on Wednesday, since Wall Street still does not care about the closure of the United States government, but the yields sank in the bond market after the latest discouraging signs about the economy.

The S&P 500 rose 0.3% to exceed its previous maximum of all time, which was established last week. The Dow Jones industrial average added 43 points, or 0.1%, to its own record established the previous day, while the Nasdaq compound increased 0.4%.

The action was stronger in the bond market, where treasure yields fell after a report suggested that hiring may have been much weaker throughout the country last month than economists expected.

Employers outside the government actually reduced 32,000 more jobs than they added, according to the ADP Research survey, and the west medium received particularly hard successes. What is worse, the survey also reviewed its employment numbers in August, to a loss of 3,000 jobs of a previously reported 54,000 gain.

In general, merchants on Wall Street expect a more complete job report that comes from the United States government every month to discover how the labor market is. The United States government obtains its data from a larger sample of employers than the ADP survey, which does not have a perfect history that predicts what the most complete report will say every month.

But it is likely that the next report of the Labor Department, scheduled for Friday, be delayed due to the closure of the United States government that began just after midnight.

“Whether this is a precise statistic or not, people in the markets believe it points out something,” according to Carl Weinberg, head of high frequency economy. “Today’s signal will not be good.”

The hope in Wall Street has been that the labor market will continue to decrease due to a very precise amount: enough to convince the Federal Reserve to continue reducing interest rates, but not so much that it brings a recession.

It is a delicate balance to achieve, and each economic report of the United States government that is delayed only increases uncertainty about whether it is possible. The actions have already been executed in records about the expectations of cuts to the rates, so the lack of them could send the lowest market.

Undoubtedly, the stock market and the economy have generally caused through previous stops, particularly if they are short duration. But this closure could be different in a couple of ways, including the threat that the White House can use it to boost large -scale layoffs of federal workers.

In Wall Street, Nike increased 6.4% after exceeding the expectations of analysts for profits in the last quarter. The Atlético giant reported a strong growth of clothing sold in North America.

The actions of Lithium America that are quoted in the United States increased 23.3% after the Canadian company said the United States government agreed to let it extract from a previously announced loan from $ 2.26 billion. As part of the agreement, the US Department of Energy will take a property participation in the company based in Vancouver.

Lithium Americas is developing a lithium project in Nevada with General Motors, and follows Intel and other companies where the United States government has recently taken a property participation.

On the loser side of the market was Pagoton Interactive, which fell 3.7%. He obtained a cold reception for his inauguration of an AI and a computer vision system, along with other equipment designed for cross training.

Cortava sank 9.1% after announcing a plan to divide into two companies, each with their own actions. One will hold on to the company’s seed business, while the other will focus on crop protection.

Cal-Maine Foods fell 1.2% after the earnings and income of the egg company for the last quarter did not reach the expectations of the analysts.

In total, the S&P 500 increased 22.74 points to 6,711.20. The Dow Jones industrial average added 43.21 to 46,441.10, and the Nasdaq compound rose 95.15 to 22,755.16.

In the foreigner markets, the indices increased in Europe after a mixed finish in Asia.

In the bond market, the 10 -year treasure yield sank 4.10% of 4.16% on Tuesday night.

The yields fell as the weakest payroll report of the expected expectations of ADP for the tariffs of the Fed.

Several manufacturers told the topographs of the Institute for Supply Management that still feel pain due to tariffs.

“The steel tariffs are killing us,” said a manufacturer.

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Commercial writers AP Matt Ott and Elaine Kurtenbach contributed.