S&P 500 ends near flat as more jobs data awaited; eyes on Middle East
ADP survey: US adds 143,000 private jobs in September
Tesla drops on downbeat Q3 vehicle deliveries
Nike falls after withdrawing annual revenue forecast
Indexes: Dow up 0.09%, S&P 500 up 0.01%, Nasdaq up 0.08%
Updates to 4:10 p.m. ET/2010 GMT
By Caroline Valetkevitch
NEW YORK, Oct 2 (Reuters) -The S&P 500 ended little changed on Wednesday,with technology shares gaining but investors nervous about Middle East tensions and more U.S. labor data due this week.
Nvidia NVDA.O shares rose 1.6%, helping to lift the S&P 500 technology index .SPLRCT. However, Tesla TSLA.O shares fell 3.5% after the electric carmaker reportedthird-quarter vehicle deliveries below estimates.
Investors monitored Mideast news after Israel and the U.S. vowed to strike back followingIran's attack on Israel on Tuesday. U.S. President Joe Biden said on Wednesday he would not support any Israeli strike on Iran's nuclear sites in response to its missile attack and urged Israel to act "proportionally."
Data released early on Wednesday showed U.S. private payrolls increased more than expected in September, further evidence that the labor market isnot deteriorating. Investors remained focused on September non-farm payrolls data due on Friday, while U.S. jobless claims data is due Thursday.
"We have the jobs report Friday, and then earnings season starts at the end of next week," said Michael O'Rourke, chief market strategist at JonesTrading in Stamford, Connecticut.
"We're near all-time highs, and we know we have a friendly Fed out there. Before they push stocks to another round of new highs, investors want to hear some positive commentary from companies. People like that the Fed is very dovish and they are just waiting for another reason to push prices higher."
The Dow Jones Industrial Average .DJI rose 39.55 points, or 0.09%, to 42,196.52. The S&P 500 .SPX gained 0.79 points, or 0.01%, at 5,709.54 and the Nasdaq Composite .IXIC edged up 14.76 points, or 0.08%, to 17,925.12.
The market ended September with strong gains after the Federal Reserve kicked off its monetary policy easing cycle with an unusual 50-basis-point rate cut to shore up the jobs market. The S&P 500 is up 19.7% for the year so far.
Odds of a quarter-percentage-point rate reduction at the Fed's November meeting are at 65.7%, up from 42.6% a week ago, the CME Group's FedWatch Tool showed.
JPMorgan Chase JPM.N and other big banks will kick off S&P 500 third-quarter earnings season on Oct. 11.
A strike by 45,000 dockworkers halting shipments at U.S. East Coast and Gulf Coast ports entered its second day on Wednesday with no negotiations scheduled between the two sides, sources told Reuters.
Thedockworkers' strike is costingthe economy roughly $5 billion per day, JPMorgan analysts estimated.
Among declining shares, NikeNKE.N dropped 6.8% afterthe athletic footwear and apparel maker withdrew its annual revenue forecast just as a new chief executive isset to take charge.
Shares of HumanaIncHUM.N fell 11.8% after the health insurersaid it expectedenrollment in its top-rated Medicare Advantage plans for those aged 65 and above to decrease for2025.
Declining issues outnumbered advancers on the NYSE by a 1.18-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.
The S&P 500 posted 27 new 52-week highs and two new lows; the Nasdaq Composite recorded 80 new highs and 133 new lows.
Volume on U.S. exchanges was 11.81 billion shares, compared with the 12.05 billion average for the full session over the last 20 trading days.
Additional reporting by Johann M Cherian and Purvi Agarwal in Bengaluru; Editing by Pooja Desai and Richard Chang
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Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
