Posted by cai vườn (136..98.176) on November 30, 2022 at 08:06:23:
The Dow Jones Industrial Average fell 175 points Wednesday after key economic data, with monthly employment and quarterly GDP data out before the market open. U.S. action remained subdued ahead of Federal Reserve Chair Jerome Powell's speech at the Brookings Institution.
Wednesday's early economic data includes the ADP National Employment Report, as well as revised third-quarter GDP estimates from the Commerce Department. At 1:30 p.m. ET, Fed chief Powell is scheduled to speak on the economy, inflation and the labor market at the Brookings Institution in Washington, D.C.
ADP's November employment number fell to 127,000 vs. 239,000 in the previous month. Consensus estimates expected growth of 200,000 jobs in November. Meanwhile, the Commerce Department's GDP estimate revision reflected stronger growth, at 2.9% vs. the initial 2.6% estimate for the quarter. Econoday estimates called for a slight rise to 2.7%.