Wall Street .. a rise with the anticipation of reducing interest and US job report

The three main Wall Street indicators rose to close the session on Thursday, as labor market data has not changed expectations for reducing interest rates by the Federal Reserve this month, while investors are awaiting the monthly report of the American jobs issued on Friday.

The Standard & Poor’s 500 index increased by 0.82% to close at 6501 points, while the Nasdak complex index rose by 0.96% to 21705 points, while the Dow Jones Industrial Index won about 0.77%, recording 45620 points. The shares of Broadcast Company, one of the most prominent electronic chips and artificial intelligence companies, closed the quarter of its quarterly results Strapped after the closure bell. The gains of Amazon and Meta Platforms shares also contributed to the market support. Previous data showed that the number of Americans who submitted new requests to obtain unemployment increased by more than expected last week, while employment has slowed in employers in the private sector in August, in reference to a gradual improvement in the conditions of the labor market. But investors are particularly waiting for the American monthly job report scheduled to be issued on Friday. “I do not expect the labor market data that we will get tomorrow, salary data, any change is mentioned, because (Federal Reserve Jerome) Powell we have already informed that we will get a reduction unless there is no significant change in the labor market or inflation.” And according to the Vid tool. The Chicago Commercial Stock Exchange is affiliated with, investors are taking into account a possibility of 95% to reduce interest rates by 25 basis points, which is a widely expected step after the dark salary data for July and Powell’s caution.