Reuters: Wall Street watched economic data and the Federal Reserve's fighting with a low market ushered in the first trading day after the summer holiday

Author:China Well -off Time:2022.09.08

China Well -off. September 7th. The main stock indexes of Laoma Wall Street closed down on Tuesday. This is the first trading day of the American Labor Day holiday and the summer vacation. Traders evaluate new economic data in fluctuation transactions.

The New York Stock Exchange is working

Reuters reports that a survey by the Supply Management Association (ISM) shows that due to the growth of orders and strong employment, the US service industry has rebounded for the second month in August, and the supply of bottlenecks and price pressure can be relieved.

However, Standardous Global data shows that the service industry purchasing manager index is lower than the preliminary expectations of August.

The US service industry data is stronger than expected, which has triggered expectations for the Fed will continue to raise interest rates to suppress inflation.

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