U.S. stocks have shown a rising pattern recently, but the latest U.S. employment report has interrupted the momentum.

(AFP)

[Instant News/Comprehensive Report] The U.S. stock market has been rising recently, but the latest U.S. employment report has interrupted the rally. The report shows that the U.S. job market is hot, and the unemployment rate has hit a new low in more than 50 years. Interest rate targets curb inflation.

According to comprehensive foreign media reports, the U.S. Department of Labor reported that more than 500,000 non-agricultural jobs were added last month, nearly three times the expected rate, and the unemployment rate fell to the lowest level in more than 50 years at 3.4%. The market is quite active. In order to curb inflation, the Federal Reserve may raise the benchmark interest rate to above 5%.

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The increase in interest rates will have an impact on large growth stocks. For technology giants, only Apple rose 2.44%, Alphabet fell 2.75%, Microsoft fell 2.36%, Meta fell 1.19%, and Amazon fell 8.43%.

In terms of ADR of Taiwan stocks, TSMC's ADR fell by 2.06%, ASE's ADR fell by 1.44%, and UMC's ADR fell by 2.44%.

The Dow fell 127.93 points, or 0.38%, to close at 33,926.01.

The Nasdaq fell 193.86 points, or 1.59%, to close at 12,006.95.

The S&P 500 fell 43.28 points, or 1.04%, to close at 4136.48.

The Philadelphia Semiconductor index fell 59.73 points, or 1.90%, to close at 3,082.11 points.

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