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As the US stock market rallied last weekend, index futures are rising all at once.
As of 6:10 pm on the 8th (local time), Dow futures are up 0.06%, S&P 500 futures are up 0.13%, and Nasdaq futures are up 0.27%.
This is interpreted as the US stock market rallied last weekend.
On the 6th, the US stock market rallied all at once as the wage growth rate, which fuels inflation, appeared to have slowed, although the employment indicator was revealed to be still solid. The Dow soared 2.13%, the S&P500 2.28%, and the Nasdaq 2.56% each.
According to the employment report released on the day, the number of jobs in the non-agricultural sector in the United States increased by 223,000 in December last year. This is higher than the 200,000 expected by Dow Jones, the parent company of the Wall Street Journal.
The unemployment rate also came in at 3.5%, below expectations (3.7%). This shows that the labor market remains robust despite the Fed’s aggressive rate hike.
However, hourly wages rose only 0.3%. This is less than the market expectation of 0.4%. Investors seem to have paid attention to this and started to buy en masse, believing that the Fed will slow down the pace of rate hikes.
