美股三连跌！11月就业报告引发经济担忧，科技股回调、能源板块承压

Market Overview - The S&P 500 index has declined for the third consecutive day, closing down 0.24% at 6,800.26 points, while the Dow Jones Industrial Average fell by 302.30 points (-0.62%) to 48,114.26 points. The Nasdaq Composite, however, saw a slight increase of 0.23%, closing at 23,111.46 points, indicating a divergence within the technology sector [2][3]. Employment Data - The U.S. Bureau of Labor Statistics reported that 64,000 non-farm jobs were added in November, exceeding market expectations of 45,000. However, the October data was significantly revised down from a mild increase to a net loss of 105,000 jobs, marking the largest monthly decline in nearly two years. The unemployment rate rose to 4.6%, surpassing the expected 4.5%, suggesting a potential cooling in the labor market [4]. Energy Sector - The energy sector faced declines as WTI crude oil prices fell to their lowest level since early 2021, driven by concerns over weak global demand and oversupply. Major companies like ExxonMobil and Chevron saw their stock prices drop by approximately 2% [4]. Technology Sector - Major tech stocks, including Nvidia, Microsoft, Oracle, and Broadcom, experienced profit-taking, continuing a trend of weakness. Analysts noted that this pullback is a normal market adjustment, with funds shifting from hot sectors to defensive areas like healthcare and utilities, indicating a broadening market rather than a collapse [5]. Circle and Visa Partnership - Circle's stock surged by 8% following Visa's announcement to support USDC settlements using its Arc blockchain, marking a significant step for traditional finance in embracing digital assets [5]. Southwest Airlines - Southwest Airlines achieved a historic milestone with its stock rising over 1%, marking the 11th consecutive day of gains, the longest streak recorded since 1972. Barclays upgraded its rating to "overweight," citing a new pricing strategy expected to significantly boost revenue [5]. AT&T Recommendation - JPMorgan has named AT&T as a top stock pick for 2026, setting a target price of $33, which implies a potential upside of 36%. The recommendation is based on AT&T's solid wireless market share, the upcoming completion of the Lumen acquisition, and a planned $20 billion stock buyback over the next three years [6]. Investor Sentiment - Despite increased short-term volatility, analysts believe the current market pullback is a healthy adjustment. As the year-end approaches, there is a notable shift of funds into high-dividend, low-valuation sectors such as telecommunications, utilities, and healthcare, attracting risk-averse capital [7].