Before the opening of the US stock market: the unemployment rate in the US has risen sharply, not the explosion of agriculture! – Before the market opened on Friday (2nd), US stock index futures, once above 200 points, rose about 0.5%, slightly behind from only up 0.2% .

The US non-farm payrolls report released earlier was mixed. The number of new non-farm payrolls was much higher than expected, but the unemployment rate rose more than expected, while the rate of wage growth slowed per hour on average.

In May, the number of new non-farm payrolls in the United States unexpectedly rose from 294,000 to 339,000, well above the 180,000 expected. However, the unemployment rate increased to 3.7% from 3.4%, the highest since October 2022, and above the forecast of 3.5%.

The wage data, which is closely linked to inflation, slowed slightly, with the average monthly wage rate falling from 0.4% to 0.3%, while the market had expected it to remain unchanged at 0.4%; the annual rate fell from 4.4% to 4.3. %, in line with expectations.

Fxstreet said the increase in the unemployment rate amid the surge in new jobs is the result of more and more people joining the workforce, proving that the labor shortage problem is less than imagined, and will also reduce wages. , which means that inflation is decreasing.

However, Fxstreet also pointed out that a resilient labor market is not the best news, as it could increase inflationary pressures in due course and the Fed may need to pull the trigger again.

Individual stocks before the market opens

Lululemon Athletica (NASDAQ: ) rose 14 percent, driven by lower transportation costs and growth in China.

Database software company MongoDB (NASDAQ: ) rose 27 percent after raising its full-year guidance.

Discount retailer Five Below (NASDAQ: ) rose 5.1 percent, as consumers turned to cheaper items.

Broadcom (NASDAQ: ) rose 0.3% The quarterly financial report showed that this round of the AI ​​boom failed to significantly boost the company’s performance and outlook.

Cloud computing company PagerDuty (NYSE: ) fell 16%, with weaker-than-expected fiscal year revenue guidance, as macroeconomic conditions made software buyers more cautious.

Cybersecurity firm SentinelOne (NYSE: ) fell 36% after the company’s annual revenue guidance failed to meet market expectations and the company announced 5% layoffs.

Dell Technologies Inc (NYSE: ), first-quarter revenue fell nearly 20% year over year to $20.9 billion, and net profit fell 45.6% year over year to $583 million; second quarter revenue is expected to be $20.2-21.2 billion, with the median below the Market’s expectations of $21.1 billion.

Electric vehicle charging equipment company ChargePoint (NYSE: ) fell 4.6% after reporting weaker-than-expected second-quarter revenue guidance despite strong first-quarter results.

Boeing (NYSE: ) rose 1.22% after Boeing CEO Dave Calhoun said on Friday that while airline demand for aircraft has returned to pre-pandemic levels, there has been progress in addressing supply chain constraints was slow and it was frustrating.

Apple Inc (NASDAQ: ) rose 0.54%. According to sources, Apple plans to open new stores in China and the United States to promote the development of the retail industry.

Tesla (NASDAQ: ) rose 1.53%.

Netflix (NASDAQ: ) rose 0.43%, Microsoft Corporation (NASDAQ: ) fell 0.18%, Amazon (NASDAQ: ) rose 1.16%, Google parent Alphabet (NASDAQ: ) fell 0.27%, Facebook parent Meta Platforms (NASDAQ: : ) 0.14%.

Chinese stocks

China Internet ETF KraneShares CSI China Internet (NYSE: ) rose 3.59%.

Futu Securities (NASDAQ: ) rose 3.74%, and Tiger Securities (NASDAQ: ) rose 3.18%.

Weilai Automobile (NYSE:) (HK:) rose 3.58%, Li Auto (NASDAQ:) (HK:) rose 4.36%, and Xiaopeng Motors (NYSE:) (HK:) rose 5.61%. Mavericks Electric (NASDAQ: ) rose 4.02%.

Bilibili (NASDAQ: ) (HK: ) rose 1.07%, iQiyi (NASDAQ: ) rose 5.26%, and Huya (NYSE: ) rose 2.66%.

Alibaba (NYSE:) (HK:) rose 2.43%, (NASDAQ:) (HK:) rose 3.20%, and Pinduoduo (NASDAQ:) rose 3.29%.

Baidu (NASDAQ: ) (HK: ) rose 2.62%. NetEase (NASDAQ: ) (HK: ) rose 1.71%.

other markets

Economic Data and Events

20:30 HKT (08:30 AM ET)


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Editor: Liu Chuan