WALL STREET
Wall Street opened up Wednesday with technology stocks, supported by reassuring comments from Cisco, and energy values, boosted by the rebound in oil prices after keeping unchanged its production quotas by the 'OPEC.
In the first exchanges, the Dow Jones index gaining 12.37 points or 0.10% to 12.228,78 points, the S & P 500 rose by 3.21 points (+0.24%) to 1.329,74 points.
The Nasdaq composite index's advance of 8.22 points (+0.37%) to 2.268,79 points.
Investors, however, are cautious before the release at 15:00 GMT of the ISM services index for the month of February. Its sharp fall in January had confirmed the scenario of a recession in the American economy, sparking a strong downturn in the stock market and the dollar.
The monthly survey of the firm Business Service ADP Employer Services reports of destruction of 23,000 jobs last month, when economists were anticipating an average of 20,000 new jobs, also tempered optimism.
The investigation ADP is usually issued two days before the official statistics of the labour market. For February economists expect an average of about 25,000 new non-agricultural jobs, according to the 17,000 cuts announced in January.
(C) 2008 Reuters. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are regist
In the first exchanges, the Dow Jones index gaining 12.37 points or 0.10% to 12.228,78 points, the S & P 500 rose by 3.21 points (+0.24%) to 1.329,74 points.
The Nasdaq composite index's advance of 8.22 points (+0.37%) to 2.268,79 points.
Investors, however, are cautious before the release at 15:00 GMT of the ISM services index for the month of February. Its sharp fall in January had confirmed the scenario of a recession in the American economy, sparking a strong downturn in the stock market and the dollar.
The monthly survey of the firm Business Service ADP Employer Services reports of destruction of 23,000 jobs last month, when economists were anticipating an average of 20,000 new jobs, also tempered optimism.
The investigation ADP is usually issued two days before the official statistics of the labour market. For February economists expect an average of about 25,000 new non-agricultural jobs, according to the 17,000 cuts announced in January.
(C) 2008 Reuters. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are regist
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