▸ Wall Street stocks give up early gains after US jobs data revised lower

▸ Dol­lar moves higher but US gov­ern­ment bonds sold by investors

▸ Paris stocks make mod­est gains as gov­ern­ment col­lapse priced in

Wall Street stocks gave up early gains yes­ter­day after revised data sug­ges­ted that the world’s biggest eco­nomy was in a weaker pos­i­tion than investors had thought.

After rising at the open, the blue-chip S&P 500 index was 0.1 per cent lower by early after­noon in New York, as was the tech-heavy Nas­daq Com­pos­ite index.

Revised fig­ures from the Bur­eau of Labor Stat­ist­ics showed that the US added 911,000 fewer jobs than pre­vi­ously stated in the year to March.

“These revi­sions sug­gest that jobs momentum is being lost from an even weaker pos­i­tion than ori­gin­ally thought,” said James Knight­ley, chief inter­na­tional eco­nom­ist at ING.

He added that “the poor num­bers seen in 2025 are prob­ably over­stat­ing the health of the employ­ment mar­ket”.