Jin Rong Jie·2026-02-12 01:39Group 1 - The U.S. labor market showed strong performance in January, with 130,000 new jobs added, significantly exceeding the Dow Jones estimate of 55,000, and the unemployment rate dropped to 4.3%, the lowest since August 2025 [1] - Following the employment report, traders adjusted their expectations for the Federal Reserve's interest rate cuts, pushing the anticipated timing from June to July, while the 10-year Treasury yield rose by 4 basis points to 4.18% [1] - The software sector faced selling pressure, with notable declines in stocks like Salesforce and ServiceNow, and the iShares Expanded Tech-Software Sector ETF (IGV) has retreated approximately 30% from its 52-week high [1] Group 2 - Despite the overall market decline, certain sectors benefited from positive economic data, particularly AI data center-related hardware companies, with Micron Technology rising over 6% after Deutsche Bank raised its target price and maintained a "buy" rating [1] - TSMC saw an increase of over 4%, while Apple’s stock rose by 2%, indicating strength in storage and precious metals sectors as well [1] - At market close, the three major indices experienced slight declines: the Dow Jones fell by 0.13% to 50,121.40 points, the Nasdaq dropped by 0.16% to 23,066.47 points, and the S&P 500 decreased by 0.01% to 6,941.45 points [2]