Major equity indexes in the United States started the day on a mixed note on Wednesday despite the uninspiring macroeconomic data releases. As of writing, the Dow Jones Industrial Average was virtually unchanged on the day at 25,805 points and the S&P 500 and the Nasdaq Composite were down 0.14% and 0.12% respectively.
Today’s data from the U.S. revealed that private sector employment grew by 183,000 in February to fall slightly below the analysts’ estimate of 189K. On the other hand, the trade deficit in December increased to $59.8 billion from $50.3 billion in November.
Among the 11 S&P 500 major sectors, pressured by a 0.55% fall in West Texas Intermediate’s barrel price, the energy index is leading losses by dropping 1.45%. On the other hand, the materials index is adding 0.5% to limit majors’ losses.
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