US shares fell more than 200 points in early trading on the 5th as the U.S.employmentThe report was better than expected, showing a stronger labor market, which could also mean the Fed will continuerate increase,
Dow Jones IndustriesindexIn early trading on the 5th, it fell 226 points, or 0.69%; The S&P 500 fell 0.97%; Nasdaq fell 1.29%; The Philadelphia Semiconductor Index fell 1.78%; TSMC ADR rose 0.65%.
The US Department of Labor said on the 5th that non-farm wages increased by 528,000 in July, much higher than the 258,000 expected by the Dow Jones; The unemployment rate fell to 3.5%, lower than the expected 3.6%. Wage growth was also better than expected, up 0.5% month-on-month and 5.2% year-on-year, suggesting that higher inflation could still be a problem.
CNBC reported that as the Fed continued to raise interest rates to curb high inflation, markets expected job growth to slow, but the latest report showed that the U.S. 3 yards or 1 cent at your next decision-making meeting.
“Today’s strong employment data means three rate hikes in September are almost a foregone conclusion,” said Ya Xia, chief global strategist at Principal Global Investors. In addition to the still tight labor market, wage growth is also uncomfortably strong. “