Sou Hu Cai Jing·2025-09-05 01:23Market Overview - US stock markets closed higher with all three major indices rising nearly 1%, marking a new closing high for the S&P 500 index at 6502.08 points, which is the 21st time this year it has closed at a record high [1] - The Dow Jones index rose by 0.77% to 45621.29 points, while the Nasdaq index increased by 0.98% to 21707.69 points, both near historical highs [1] Employment Data - The ADP private sector employment report for August showed an increase of 54,000 jobs, significantly below the market expectation of 68,000, indicating a cooling labor market [3][16] - Initial jobless claims rose to 237,000, the highest level since June, exceeding the expected 230,000, with the four-week moving average also reaching its highest since July at 231,000 [17] Federal Reserve Outlook - Analysts suggest that the Federal Reserve can no longer ignore changes in the labor market, with expectations for a rate cut in September being reinforced by the weak employment data [6] - The market pricing indicates a 97% probability of a rate cut by the Federal Reserve following the ADP report [16] Trade Developments - President Trump signed an executive order to implement a US-Japan trade agreement, which includes a 15% tariff on most Japanese imports and a commitment from Japan to increase its purchase of US rice by 75% [9][20] Notable Stocks - Nvidia shares rose by 0.61%, while Amazon saw a significant increase of 4.29% [11] - In contrast, Alibaba's stock fell by 4.04%, and Tencent's shares dropped by 1.00% [13] Global Market Indices - European markets showed mixed results, with the UK FTSE 100 up by 0.42% and the French CAC 40 down by 0.27% [12] - Asian markets experienced declines, with the Hang Seng Index down by 1.12% [12]