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[ad_1] Last Updated: May 02, 2023, 02:42 IST Wall Street stocks ended slightly lower on Monday after JPMorgan Chase acquired the embattled First Republic Bank, as markets traded cautiously ahead of a Federal Reserve decision. After a choppy session, all three major indices finished in the red at the start of a news-jammed week that also includes Apple results and a report on April’s employment figures. The Dow Jones Industrial Average finished 0.1 percent lower at 34,051.70. The broad-based S&P 500 dipped less than 0.1 percent to 4,167.87, while the tech-rich Nasdaq Composite Index also declined 0.1 percent to 12,212.60. The JPMorgan deal came after federal officials placed First Republic in receivership, resolving the last major problem bank from a recent spate of troubles. Under the agreement, JPMorgan, the largest bank in the United States, will assume all of First Republic’s deposits, as well as “almost" all of its assets, according to a statement from the Federal Dep...

[ad_1] A worker prepares a 155mm artillery shell at the Scranton Army Ammunition Plant in Scranton, Pennsylvania, U.S., February 16, 2023. Brendan McDermid | Reuters Companies added jobs at a brisk pace in February as the U.S. labor market kept humming, payroll services firm ADP reported Wednesday. Private payrolls increased by 242,000 for the month, ahead of the Dow Jones estimate for 205,000 and well above the upwardly revised 119,000 jobs gain, from 106,000, in January . Wage growth decelerated slightly, with those remaining in their jobs seeing a 7.2% annual increase, down 0.1 percentage point from a month ago. Job changers saw growth of 14.3%, compared to 14.9% in January. The report comes with Federal Reserve officials watching jobs data closely for clues on where inflation is headed. Remarks Tuesday from Fed Chairman Jerome Powell, who called the jobs market "extremely tight," triggered a sell-off on Wall Street amid expectations that the central bank could accele...