There was a significant drop in overseas stock markets following unfavorable news about the U.S. labor market. Indeed, employment in the United States grew at a much slower pace than expected in November.
Since January 2021, we have not seen such low growth.
The recent data is particularly surprising in light of the fact that the data to date have shown a strong recovery in the U.S. labor market.
Of the key stock indices, technology companies, Nasdaq, are the weakest performers, down more than 2.6 percent from Friday’s close.
Of the popular stocks, Nvidia is down 5.5 percent, while AMD is down nearly 5.7 percent and Tesla is down 6 percent.
The other two leading U.S. stock indices, the S&P 500 and the Dow Jones, also performed poorly, the former down 1.5 percent and the latter down 0.7 percent on Friday from the previous day’s closing.
Investors are not only penalizing the stock markets, bitcoin has fallen 4 percent and ethereum has fallen more than 5 percent from its previous closing price.
Source: Portfolio.hu – Üzlet by www.portfolio.hu.
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