Wall Street’s three main indexes slipped in choppy trading as a short-lived boost from a services activity survey fizzled out ahead of an upcoming employment report.
The S&P 500 was 0.1 per cent lower in late trade, the Dow Jones fell 0.5 per cent and the Nasdaq added 0.3 per cent. The Australian sharemarket is set to rise, with futures at 4.58am AEST pointing to a gain of 14 points, or 0.2 per cent, at the open.The US nonfarm payrolls data for August is due on Friday amid worries of a slowdown in the economy, while focus continues to be on the Federal Reserve’s interest rate cut that is expected later this month.
Soothing some concerns, an Institute for Supply Management survey showed services sector activity, rose to 51.5 in August, above expectations of 51.1. AI chip firm Nvidia edged up 0.4 per cent after falling more than 11 per cent in the previous two sessions.
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