Markets Lose Momentum After Nonfarm Data Amid Historical Effects of War
US Employment Report: March Overview
March saw US nonfarm payrolls surpass forecasts, accompanied by a slight dip in the unemployment rate. However, market response remained subdued for several reasons: the data reflects past conditions, the payroll increase is expected to be significantly revised downward, temporary factors such as favorable weather and the end of strikes inflated the figures, and global market activity was limited due to Good Friday closures. As a result, this update will be brief.
Following the release, the yield on the US 2-year Treasury note rose by approximately 3 basis points, with the 10-year yield showing a similar move. S&P equity futures showed little reaction. While hiring was broad-based, it was not particularly strong, as illustrated in chart 1. Notably, the education and health sectors contributed 91,000 new jobs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A wave of AI applications is surging toward federal governance! Jensen Huang and Elon Musk will share a stage with Trump, further expanding the new landscape of AI commercialization
President Donald Trump will co-host an event with leading figures from the technology and artificial intelligence sectors to launch a new government website, America.gov, which aims to help the American public access federal information and resources. The event will feature panel discussions on artificial intelligence, energy dominance, health, space, and agriculture, with leaders such as Jensen Huang, Elon Musk, and Tom Brown in attendance.
Oracle (ORCL.US) "Force Majeure" Notice Shakes AI Bond Market! Morgan Stanley: Data Center Financing Contracts Face Reassessment
Oracle issued a “force majeure” notice to a major data center developer in New Mexico, raising concerns in the market about the strength of contract protections in AI infrastructure financing. Morgan Stanley warned that this move may prompt investors to reassess the lease terms and credit risks of data center projects.
Overnight US Stock Market | US-Iran negotiations enter technical consultation stage, major indexes close higher, Dell (DELL.US) rises over 5%
At market close, the Dow Jones rose by 478.64 points, or 0.93%, to 51,828.62 points, posting a weekly gain of 0.28%. The S&P 500 increased by 39.28 points, or 0.51%, to 7,743.41 points, up 1.22% for the week. The Nasdaq gained 129.34 points, or 0.48%, to 27,068.71 points, with a weekly increase of 2.06%.
Trump crypto token steadies at $2.10 as 50+ prosecutors blast pay deal
Crypto prices
More
