Wall Street Ends Flat Waiting US Jobs Report

photos: flickr 

Business - Stocks on Wall Street ended little changed on Thursday, slightly up from a big drop in mid-session, as investors await the US jobs report for September on Friday. The Dow Jones Industrial Average slipped 3.66 points (0.22 percent) to close at 16801.05, AFP reported.

The broad-based S&P 500, which fell to as low as 1926.03, ending flat at 1946.17, edged up 0.01 points. Tech-rich Nasdaq rose 8.11 points (0.18 percent) at 4440.19. US stocks spent most of the morning in the red, after European markets fell sharply amid disappointment at the limited stimulus program of the European Central Bank (ECB).

Sam Stovall, chief investment strategist at S&P Capital IQ, says investors do not want to sell the stock before Friday, in the case of a strong jobs report. Economists on average predicated the United Stated economy added 210,000 jobs in September, after a disappointing 142,000 jobs added in August.

Dow member, JPMorgan Chase, declined 0.9 percent after The New York Times reported that the giant bank suffered hacking attacks were the second in three months. JPMorgan then said it was not aware of the new attack. Tesla Motors ran 4.7 percent higher after the founder Elon Musk hinted teh car manufacturer will launch a new model next week. Musk carried photographs of the garage door partially open with letter 'D' and a silhoutte of a car to Twitter.

Netflix gained 2.6 percent on news that they signed the comic actor Adam Sandler to produce and star in four films. Spice maker McCormick rose 2.9 percent as third-quarter profit rose 18 percent following a 15 percent sales increase in China. The company raised its full-year profit forecast. Digital television provider DirecTV added 0.9 percent after announcing a deal with the National Football League to expand and extend the US soccer broadcast.

Bond prices fell. The yield on 10-year government bond rose to 2.44 percent from 2.40 percent on Wednesday, while the 30-year bond rose to 3.15 percent. Prices and bond yields move inversely. (ANTARA).