US job numbers has been released. Although the number of new jobs in August was 142,000, slightly lower than expected, the unemployment rate itself was 4.2%, down from 4.3% in July.
Everyone expected the job market to be worse to some extent… and the actual figures came out within the expected range. However, the market reaction was quite sensitive.
Major market indices also fell sharply, and it is known that the S&P 500 index fell by more than 1.5% for two consecutive days since 2012.
US stock market is showing a very sensitive reaction ahead of the September FOMC meeting. In particular, the decline in stock prices in the Big Tech sector was huge.
Tesla has played their cards of commercializing self-driving devices and robo-taxi, but it failed to prevent today’s 8.4% drop in stock price.
From next week until the week of September 17, when the FOMC meeting is held, the following two points should be noted. One question is…
