Investing.com – US stock futures fell ahead of the open on Friday, after data showed the US labor market was very strong in September, with most sub-data coming in stronger than the expect.
Non-farm payrolls increased by 263,000, although down from 315,000 in August, but above market expectations of 250,000. Meanwhile, the unemployment rate fell to 3.5% from 3.7%, below what the market had expected to remain unchanged at 3.7%.
However, the year-on-year decline in average hourly earnings eased from 5.2% to 5.0%, and the monthly rate remained unchanged at 0.3%.
After the data was released, stock index futures plunged, and Dow futures fell below the 30,000 point mark; it bounced back to above the 112 mark. After the initial bounce and bounce, the decline was confirmed, approaching the $1,700 mark.
As of 20:47 Hong Kong time (08:47 am ET), Investing.com’s US stock market showed it had fallen 262.2 points, or about 0.88%, to 29,664.70 points; it fell 47.6 points, or about 1.27%, to 3,696.90 points; fell 191.4 points or about 1.67%, at 11,295.00.
Meanwhile, the greenback, which measures the greenback against a basket of six major currencies, was up 0.35% at 112.575. Comex fell $14.65, or about 0.85%, to $1,706.15 an ounce on the New York Mercantile Exchange.
In the previous trading day, US stocks fell, down 1.15%, down 1.02%, and down 0.68%.
Stocks before the market opens
Advanced Micro Devices (NASDAQ: NASDAQ: AMD ) fell 6% after its third-quarter earnings forecast missed market expectations and the company warned of a sharp slowdown in PC demand. Goldman Sachs, Mizuho and many other investment banks lowered AMD’s target price. Meanwhile, Micron Technology Inc (NASDAQ: ) fell 1.62%, Nvidia Corp (NASDAQ: ) fell 4.55% and Intel Corp (NASDAQ: ) fell 3.72%.
In addition, TSMC (TW:) (NYSE:) fell 2.95% TSMC’s September revenue was NT$208.25 billion, a year-over-year increase of 36.4% and a month-over-month decrease of 4.5%.
Credit Suisse (NYSE: ) rose 3.96% after it announced a cash-back debt buyback program worth about 3 billion Swiss francs ($3 billion) on Friday in an attempt to test its capital.
Twitter (NYSE: ) fell 0.26%. Currently, the court has agreed to postpone the hearing of the acquisition dispute between Twitter and Musk until Musk has completed the acquisition transaction before October 28. Investors need to pay close attention to whether the two parties will make acquisitions on new terms and methods, especially if some of the original funders have withdrawn from the transaction.
Tesla (NASDAQ: ) fell 1.05%. Although Tesla has begun production of its long-awaited Semi electric truck, according to Tesla CEO Elon Musk’s latest tweet on October 7, he plans to start delivering the first deliveries to PepsiCo (NASDAQ: ) on December 1. Truck semi-electric.
Ambac Financial Group Inc (NYSE: ) rose 21.32%, financial assurance services company Ambac Financial announced today that its subsidiary Ambac Assurance and Bank of America (NYSE: ) have reached an agreement on RMBS (mortgage-backed securities) litigation to settle a lawsuit $1.84 billion the company against the All claims from Bank of America and its subsidiaries.
Apple Inc (NASDAQ: AAPL ) fell 2.23%. Netflix (NASDAQ: ) fell 1.35%, Microsoft Corp (NASDAQ: ) fell 1.48%, Amazon (NASDAQ: ) fell 1.87%, Google parent Alphabet (NASDAQ: ) fell 1.27%, Facebook parent Meta Platforms (NASDAQ: ) fell 0.86% , Twitter (NYSE: ) fell 0.45%.
China concept stocks
China Internet ETF KraneShares CSI China Internet (NYSE: ) fell 2.59%.
Weilai Automobile (NYSE:)(HK:) fell 2.23%. and release in these markets at the same time ET7, ET5 and EL7 three new cars. Among them, Weilai named its ES7 previously listed in the Chinese market as EL7.
Ideal Motors (NASDAQ:)(HK:) fell 2.34% and Xiaopeng Motors (NYSE:)(HK:) shed 2.08%. Mavericks Electric (NASDAQ: ) fell 2.04%.
Futu Securities (NASDAQ: ) fell 2.34% and Tiger Securities (NASDAQ: ) declined 1.74%.
Bilibili (NASDAQ: ) (HK: ) fell 1.43%, iQiyi (NASDAQ: ) fell 1.54% and Huya (NYSE: ) fell 0.86%.
Alibaba (NYSE:)(HK:) fell 2.02%, JD.com (NASDAQ:)(HK:) fell 1.88% and Pinduoduo (NASDAQ: ) fell 2.24%.
Economic Data and Events
20:30 HKT (08:30 AM ET)
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22:00 Hong Kong time (10:00 am EST)
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Editor: Liu Chuan
