🎉【Gate Singapore Flagship Event · Square Fun Quiz Challenge Day 1】
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📖 Day 1 · Quiz (Single Choic
U.S. non-farm payroll data disappoints# In August, only 22,000 new non-farm jobs were added, far below the expected 75,000, and the unemployment rate rose to 4.3%, reaching a nearly four-year high. June data was also revised down to a negative value, marking the first contraction since 2020.
The three major U.S. stock indexes all closed lower: the Dow fell 0.48%, the S&P 500 dropped 0.32%, and the Nasdaq edged down 0.03%. Industrial and bank stocks were under pressure, but chip stocks rose against the trend, with Broadcom soaring over 9%.
Interest rate cut expectations soar: The market predicts a 99% probability that the Federal Reserve will cut interest rates by at least 25 basis points in September, and even does not rule out a cut of 50 basis points.