US STOCKS-S&P, Dow little changed ahead of crucial jobs data

jueves 7 de julio de 2016 11:27 GYT
 

* June ADP employment number rises to 172,000 vs est 159,000

* Weekly jobless claims fall to 254,000 vs est 270,000

* Indexes up: Dow 0.04 pct, S&P 0.14 pct, Nasdaq 0.28 pcts (Adds details, comments, updates prices)

By Yashaswini Swamynathan

July 7 (Reuters) - The S&P 500 and the Dow were little changed in late morning trading on Thursday while the Nasdaq was boosted by Apple, ahead of the crucial monthly jobs report.

Investors will keenly watch for Friday's payrolls report, which includes both private and public employment numbers, especially after a shockingly weak May report raised concerns about the recovery of the U.S. economy and threw the Fed off track from its plans to raise rates in the near term.

After a roller-coaster ride sparked by Britain's June 23 vote to leave the European Union, U.S. investors are looking for signs of the health of the economy and the possible impact of the vote on quarterly earnings.

"Investors are marking their time ahead of the jobs data," said Terry Sandven, chief equities strategist at U.S. Bank Wealth Management. "The wall of worry has been under full construction since the May jobs data, so tomorrow's report will either suggest that the number was an anomaly or provide evidence of a weakening economy."

U.S. private payrolls increased more than expected in June and fewer Americans applied for unemployment benefits last week, suggesting a rebound in job growth after May's paltry gains.   Continuación...