How to explore opportunities from the vast amount of information on U.S. stocks every day
The three major U.S. stock indexes closed higher on Thursday. The U.S. House of Representatives passed a debt ceiling bill, taking an important step toward avoiding a U.S. debt default. The bill has now been submitted to the Senate for consideration and vote.
Today's U.S. employment data release is apparently somewhat "contradictory" and confusing.
On the one hand, a number of data show that U.S. employment is difficult to cool, "small non-farm" U.S. ADP private sector employment in May added 278,000, far more than the expected 180,000, only slightly lower than the previous value. Last week's initial jobless claims of 232,000, and renewals of 1,795,000 are less than expected.
![How to explore opportunities from the vast amount of information on U.S. stocks every day](https://ussnsimg.moomoo.com/73216105/editor_image/c696a5a2c77b36c5a1b1b83eae5fe6d0.jpg/bigmoo)
On the other side of the coin is a 287% year-over-year jump in layoffs at challenger companies in May.
Notably, ADP Chief Economist Nela Richardson said job-hopping pay growth fell more than a full percentage point for the second straight month.
So once the $Nasdaq (.IXIC)$ opened with a mediocre performance, it closed up nearly 1.5%; the S&P 500 gained 0.99%; both the S&P 500 and the Nasdaq closed at their highest levels since August 2022.
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