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U.S. stocks closed with the expectation of interest rate cuts boosted by non-farm payrolls, with the S&P and Nasdaq hitting new highs! Tesla rose nearly 38% in eight days, while Nvidia cooled off.
In June, non-farm payroll employment in the USA fell sharply, with significant downward revisions to previous data, and the unexpected rise in unemployment rate highlighted a cooling labor market, leading the market to bet over 70% on rate cuts in September and December.
Invesco QQQ Trust Options Spot-On: On July 5th, 3.31 Million Contracts Were Traded, With 9.24 Million Open Interest
On July 5th ET, $Invesco QQQ Trust(QQQ.US)$ had active options trading, with a total trading volume of 3.31 million options for the day, of which put options accounted for 54.58% of the total transact
Stocks Rally To Record Highs As Investors Eye Interest Rate Cuts; Labor Market Cools, Tesla Soars: This Week In The Markets
U.S. stocks once again reached all-time highs in the shortened trading week due to the Independence Day holiday, as the latest economic data bolstered investor confidence that the Federal Reserve may
The S&P And Nasdaq Are Higher Following US Jobs Data.
The S&P And Nasdaq Are Higher Following US Jobs Data.
Will the Federal Reserve cut interest rates in September? The key data is still yet to come!
After the non-farm data was released, the market priced in a 70% chance of a rate cut by the Fed in September. Analysts pointed out that "the key is another round of data".
After a closer look at the US non-farm payrolls report, I was sweating with shock as the data for the first two months was unexpectedly slashed by 0.11 million.
① The seasonally adjusted non-farm employment population in the United States increased by 0.206 million people in June, exceeding the market's expected 0.19 million people; ② The report revised the May data from 0.272 million people to 0.218 million people, and April from 0.165 million people to 0.108 million people.