The weekly US labor market data turned out worse than expected

After a two-day recovery, the air on Wall Street is gone. The weekly US labor market data, which turned out significantly worse than expected, cause some disillusionment. House sales and the leading indicators also missed the forecasts slightly. "A certain bumpiness is to be expected," says Macro strategist Sebastien Galy of Nordea Asset Management with a view to the labor market data. However, the data offered the US Federal Reserve a continuation of the monetary policy stimuli. The Dow Jones index gains 0.1 percent and rises to 34,823 points. The broad S&P 500 and the technology-heavy Nasdaq gained 0.2 and 0.4 percent respectively. The chemical company Dow had exceeded expectations in terms of earnings and sales. The stock climbed 1.3 percent. The telecom company AT&T is also moving into the spotlight on the US stock market. On the basis of surprisingly strong customer growth, the mobile operator raised its targets for the year as a whole. The company is now aiming for an increase in sales of two to three percent instead of around one percent. On an adjusted basis, Southwest Airlines posted a higher than feared loss, which depressed the stock by 3.5 percent. In contrast, the adjusted loss at American Airlines was lower than forecast, but the share is still 1.1 percent. Crocs' paper, on the other hand, gained almost 14 percent and was at times more expensive than ever at $ 136.50. The clog supplier exceeded market expectations with quarterly sales of $ 641 million and earnings of $ 2.23 per share. Thanks to new dishes, Domino's delighted investors with a surprising increase in sales of 3.5 percent. The pizza chain could accelerate its pandemic-related growth, praised analyst Peter Saleh from brokerage house BTIG. The company's securities rose as much as 14.2 percent to a record high of $ 537.08. Meanwhile, the oil price rose again. The US variety WTI gained 1.6 percent to $ 71.42 a barrel (159 liters). Even with the loosening of the subsidy brake decided by the major exporting countries, demand will exceed supply in the coming months, the analysts at Bank Morgan Stanley forecast. Bitcoin barely expanded its latest price gains in cryptocurrencies, although Tesla boss Elon Musk has promised that the electrical manufacturer will again accept the cyber currency as a means of payment. "The days when Musk can sustainably influence the markets with a verbal intervention are apparently numbered for now," said analyst Timo Emden from Emden Research. In the past few months, the Tesla boss had repeatedly triggered price volatility in Bitcoin & Co with tweets.