Investing.com – Friday (7)Before the market opensUS stock index futures fell after data showed the US job market was very strong in September, with most sub-items stronger than expected.
Nonfarm wages rose 263,000, albeit down from 315,000 in August, but above market expectations of 250,000. Meanwhile, the unemployment rate fell to 3.5% from 3.7%, a level below what the market had expected and remained unchanged at 3.7%.
However, the year-on-year decline in average hourly wages fell from 5.2% to 5.0% and the monthly rate remained unchanged at 0.3%.
Following the release of the data, stock index futures plummeted and Dow futures fell below the 30,000 point mark; they climbed above the 112 threshold. After the jump and the initial jump, the bearish trend was confirmed, approaching the $ 1,700 threshold.
As of 8:47 pm HKT (8:47 am ET), Investing.comUS stock marketIt showed that it fell 262.2 points, or about 0.88%, to 29,664.70 points; fell 47.6 points, or about 1.27%, to 3,696.90 points; it fell 191.4 points, or about 1.67%, to 11,295.00 points.
Meanwhile, the greenback, which measures the greenback against a basket of six major currencies, rose 0.35% to 112.575. The Comex fell $ 14.65, or about 0.85%, to $ 1,706.15 an ounce on the New York Mercantile Exchange.
On the previous trading day, US stocks were down 1.15%, 1.02% and 0.68%.
Stocks before the market opens
Advanced Micro Devices (NASDAQ: NASDAQ: AMD) fell 6% after its third-quarter earnings forecast came in well below market expectations and the company warned of a sharp slowdown in PC demand. Goldman Sachs, Mizuho, and many other investment banks have lowered AMD’s target price. Meanwhile, Micron Technology Inc (NASDAQ:) lost 1.62%, Nvidia Corp (NASDAQ:) 4.55% and Intel Corp (NASDAQ:) 3.72%.
Additionally, TSMC (TW 🙂 (NYSE 🙂 fell 2.95%. TSMC’s September revenue was NT $ 208.25 billion, a year-over-year increase of 36.4% and a monthly decline. 4.5%.
Credit Suisse (NYSE 🙂 was up 3.96% after announcing a cash debt repurchase program worth around 3 billion Swiss francs ($ 3 billion) on Friday in an effort to prove its capital.
Twitter (NYSE 🙂 fell 0.26%. As things stand, the court has decided to postpone the hearing of the acquisition dispute between Twitter and Musk until Musk completes the acquisition before October 28. Investors need to pay close attention to whether the two sides make acquisitions to new terms and methods, especially if some of the original lenders have withdrawn from the transaction.
Tesla (NASDAQ 🙂 fell 1.05%. Although Tesla has already begun production of its long-awaited semi-electric truck, according to the latest tweet from Tesla CEO Elon Musk on October 7, it plans to begin delivering the first batch to PepsiCo (NASDAQ 🙂 on December 1. .
Ambac Financial Group Inc (NYSE 🙂 rose 21.32%, financial guarantee services firm Ambac Financial announced today that its subsidiary Ambac Assurance and Bank of America (NYSE 🙂 have reached a settlement on RMBS (mortgage-backed securities) litigation ) to settle the company’s $ 1.84 billion lawsuit against the All Loans of Bank of America and its subsidiaries.
Apple Inc (NASDAQ: AAPL) lost 2.23%. Netflix (NASDAQ:) fell 1.35%, Microsoft Corp (NASDAQ:) fell 1.48%, Amazon (NASDAQ:) fell 1.87%, Alphabet (NASDAQ:) fell by 1.27%, Meta Platforms (NASDAQ 🙂 fell 0.86%, Twitter (NYSE:) fell 0.45%.
Chinese conceptual actions
China Internet ETF KraneShares CSI China Internet (NYSE 🙂 fell 2.59%.
Weilai Automobile (NYSE 🙂 (HK 🙂 fell 2.23%. Weilai Automobile will hold the NIO Berlin 2022 event early in the morning of October 8, Hong Kong time, and has announced that it will enter the German, Dutch, Danish and Swedish markets and release three new cars in these markets simultaneously ET7, ET5 and EL7. . Among them, Weilai called its ES7 previously listed in the Chinese market EL7.
Ideal Motors (NASDAQ 🙂 (HK 🙂 was down 2.34% and Xiaopeng Motors (NYSE:) (HK 🙂 was down 2.08%. Mavericks Electric (NASDAQ 🙂 lost 2.04%.
Futu Securities (NASDAQ 🙂 fell 2.34% and Tiger Securities (NASDAQ 🙂 fell 1.74%.
Bilibili (NASDAQ:) (HK:) lost 1.43%, iQiyi (NASDAQ:) 1.54% and Huya (NYSE:) 0.86%.
Alibaba (NYSE 🙂 (HK 🙂 fell 2.02%, JD.com (NASDAQ:) (HK 🙂 fell 1.88%, and Pinduoduo (NASDAQ:) 2.24%.
Economic data and events
8:30 pm HKT (8:30 am ET)
And
10pm Hong Kong time (10am EST)
For more economic information, visit Investing.comEconomic calendar。
Publisher: Liu Chuan
