US stocks pre-market: August non-agricultural far less than expected, the three major futures index collectively fell
From the Financial Associated Press (Shanghai Editor Xia Junxiong),Before the market on Friday, affected by the poor performance of the 8 non-agricultural data, the three major stock index futures collectively turned from rising to falling.
According to data from the U.S. Department of Labor, the number of non-agricultural employment increases in the United States in August was only 235,000, the smallest increase since January 2021. It was far below market expectations of 725,000 and significantly lower than the 943,000 in July. The unemployment rate was 5.2%, in line with expectations.
Jim Paulsen, chief investment strategist at Leuthold Group, said that employment data may have a significant impact on the stock and bond markets because it is directly related to the Fed’s process of reducing debt purchases. As the rebound of the epidemic suppresses the economic recovery, the market is worried that the Fed may give up shrinking this year. debt.
Paulsen pointed out that once the employment data is far below expectations, any upcoming reduction plans may be postponed. The stock market’s dominance will shift from small stocks, cyclical stocks to technology stocks and defensive stocks, and the overall stock market may also experience a correction.
Market dynamics
As of 20:45, S&P 500 index futures fell 0.03%; Dow futures fell 0.08%; Nasdaq 100 index futures fell 0.08%.
On the last trading day, the oil and gas sector rose sharply and pushed the S&P 500 index to a record high, and the Nasdaq also slightly set a new record close. As of the close, the S&P 500 index rose 0.28% to 4,536.95 points; the Nasdaq index rose 0.14% to 15,331.18 points; the Dow Jones index rose 0.37% to 35443.82 points.
Trading in the European market was mixed. As of press time, the UK FTSE 100 index rose 0.07%, the French CAC40 index fell 0.68%, and the German DAX30 index fell 0.09%.
(Source: Yingwei Finance)
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Events worth paying attention to during the US stock market (Beijing time)
September 3
20:30 U.S. non-agricultural employment population after seasonal adjustment in August, U.S. unemployment rate in August
21:45 US August Markit Service Industry PMI Final Value
22:00 U.S. August ISM non-manufacturing PMI
September 4
01:00 The total number of oil rigs in the United States for the week to September 3Return to Sohu to see more
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