(Sharecast News) - Wall Street trading got off to a mixed start on Wednesday as investors continued to weigh the latest non-farm payrolls reports ahead of tomorrow's consumer price index.
As of 1455 GMT, the Dow Jones Industrial Average was up 0.34% at 48,279.51, while the S&P 500 shed 0.11% to 6,792.91 and the Nasdaq Composite came out of the gate 0.34% firmer at 23,033.50.
The Dow opened 165.25 points higher on Wednesday, taking a bite out of losses recorded in the previous session.
US jobs data, released on Tuesday, was still in focus at the open on Wednesday after showing a sharp contraction in October, followed by modest growth in November. According to the Bureau of Labor Statistics, nonfarm payrolls fell by 105,000 in October, while the unemployment rate climbed to 4.6% - the highest since September 2021. November's report, however, pointed to a gain of 64,000 jobs, ahead of consensus forecasts for a 45,000 increase.
On Wednesday's macro slate, US mortgage applications fell 3.8% week-on-week in the seven days ended 12 December, according to the Mortgage Bankers Association, following a 4.8% increase in the previous week to mark the biggest drop in a month. Applications to purchase a home declined 2.8%, while applications to refinance a home loan sunk 3.6%.
Elsewhere, Federal Reserve governor Christopher Waller said on Wednesday the central bank still has room to cut interest rates amid rising job market weakness. "I still think we're probably, you know, maybe we're 50 to 100 basis points off of neutral," said Waller, adding that, given the outlook, "there's no rush to get down" on interest rates.
Atlanta Fed head Raphael Bostic will speak at 1730 GMT.
In the corporate space, multinational food manufacturer General Mills said quarterly profits had fallen amid price cuts, but reaffirmed its full-year outlook.
Still to come, Micron Technology will report earnings after the close.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Intel Corp. (INTC) $37.52 0.56%
Apple Inc. (AAPL) $275.54 0.34%
Dow Jones - Fallers
Cisco Systems Inc. (CSCO) $77.55 0.00%
Merck & Co. Inc. (MRK) $98.41 0.00%
S&P 500 - Risers
Western Digital Corp. (WDC) $179.00 2.53%
Netflix Inc. (NFLX) $96.64 2.19%
Apache Corp. (APA) $24.39 1.77%
Seagate Technology Plc (STX) $293.20 1.76%
Micron Technology Inc. (MU) $235.37 1.23%
Diamondback Energy Inc. (FANG) $150.76 1.14%
Paychex Inc. (PAYX) $116.34 0.97%
Nasdaq Inc (NDAQ) $93.82 0.96%
T. Rowe Price Group Inc. (TROW) $104.91 0.95%
Zions Bancorporation (ZION) $59.87 0.90%
S&P 500 - Fallers
Fortinet Inc. (FTNT) $81.35 -1.36%
J.B. Hunt Transport Services Inc. (JBHT) $194.18 -1.31%
Mattel Inc. (MAT) $20.26 -1.27%
Hasbro Inc (HAS) $79.56 -1.06%
Monster Beverage Corp (MNST) $74.80 -0.72%
Willis Towers Watson Public Limited Company (WTW) $327.58 -0.66%
DENTSPLY Sirona Inc. (XRAY) $11.30 -0.62%
Booking Holdings Inc. (BKNG) $5,405.00 -0.59%
Alphabet Inc. Class A (GOOGL) $304.80 -0.58%
Copart Inc. (CPRT) $38.95 -0.51%
Nasdaq 100 - Risers
Trip.com Group Limited (TCOM) $72.98 2.95%
Baidu Inc. (BIDU) $122.64 2.80%
Western Digital Corp. (WDC) $179.00 2.53%
Netflix Inc. (NFLX) $96.64 2.19%
Seagate Technology Plc (STX) $293.20 1.76%
Micron Technology Inc. (MU) $235.37 1.23%
Paychex Inc. (PAYX) $116.34 0.97%
Workday, Inc. (WDAY) $218.00 0.87%
Adobe Systems Inc. (ADBE) $350.79 0.83%
JD.com, Inc. (JD) $29.09 0.83%
Nasdaq 100 - Fallers
J.B. Hunt Transport Services Inc. (JBHT) $194.18 -1.31%
Asml Holdings N.V. (ASML) $1,063.08 -1.21%
Hasbro Inc (HAS) $79.56 -1.06%
Monster Beverage Corp (MNST) $74.80 -0.72%
DENTSPLY Sirona Inc. (XRAY) $11.30 -0.62%
Booking Holdings Inc. (BKNG) $5,405.00 -0.59%
Alphabet Inc. Class A (GOOGL) $304.80 -0.58%
Alphabet Inc. Class C (GOOG) $306.17 -0.51%
Expedia Group Inc. (EXPE) $283.60 -0.50%
Comcast Corp. (CMCSA) $29.59 -0.45%
89.53 (0.92%)
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