US stocks on Wednesday took caution among investors as new signs of weakness in job market. S&P 500 fell 0.3% in early trading, although it remained near the record high of the previous week. Dow Jones Industrial Average declined by 51 points or 0.1%, while Nasdaq Composite fell 0.4%, AP reported.Following a report by ADP Research, Treasury fell rapidly in yield that US private employers cut 32,000 more jobs in September, with the biggest loss to midwests. The survey also amended the August employment for loss of 3,000-Narkari from the benefits reported earlier 54,000.Analysts warned that the ADP survey uses a small sample compared to the government’s monthly job reports and is an incomplete record of the forecast of data from the extensive labor department. Under the influence of the US government, Friday’s official employment reports may be delayed, which increases uncertainty in the markets.Carl Venberg, the chief economist of high frequency economics, said, “Whether it’s an accurate figure, people in the markets believe that it indicates something.” “The sign from today’s title will not be good.”Wall Street is expecting a controlled recession in the job market – enough to encourage the Federal Reserve to cut interest rates without triggering the recession. Any delay in official data makes this balance more uncertain.Individual shares showed mixed performances. Despite its first quarter, Cal-Main Foods fell 2.6% after reporting the quarterly profits and revenue below the analyst expectations. NIKE increased by 4.7% after crossing the projections of profit, supported by the North American costume sale. The US Energy Department increased by 22.5% in exchange for a ownership stake to allow the company to reach a loan of $ 2.26 billion.International markets were mixed, with European index growing after a diverse session in Asia.In the bond market, the yield on a 10 -year Treasury fell from 4.16% to 4.09% late on Tuesday night. Two -year Treasury yield, which more closely reflects the fed rate expectations, fell from 3.60% to 3.53%.
