United States stock indexes turned mostly red before the start of Thursday's session after major jobs reports for August. The Challenger job cuts came in significantly higher than last month and hiring plans dropped dramatically. The ADP private payrolls report followed, revealing the lowest monthly increase since January 2021. These releases are likely to renew concern among investors that the US economy could be heading for a recession.
The Dow Jones was flat at 8:31 am ET. The Nasdaq 100 fell by 0.35% and the S&P 500 decreased by 0.13% at the same time.
The euro traded 0.26% higher compared to the dollar and went fro 1.11128 at 8:32 am ET.
