The New York stock exchange closed today in negative territory, in a cautious reaction to favorable labor market data. Investors coldly received the positive employment news, which would normally be well received.
The resilience of the labor market gives arguments to the central bank of the United States to continue its battle against inflation. The solid employment data strengthens the Federal Reserve's position to maintain or even tighten its monetary policy.
Investors demonstrated concern about the implications of a more restrictive monetary policy, which weighed on the main stock indices. Market sentiment suggests that operators prefer caution in an environment of high interest rates.
