Group 1 - The core viewpoint of the article indicates that the three major U.S. stock indices, namely the Dow Jones, Nasdaq, and S&P 500, all experienced declines of over 1% [1]

Employment Data - In June, the U.S. added 147,000 non-farm jobs, exceeding Bloomberg's consensus estimate of 110,000[2] - The unemployment rate fell by 0.1 percentage points to 4.1%, driven by a rebound in household employment from -696,000 to 93,000[2][5] - Private sector job growth slowed significantly, with an increase of only 74,000 jobs, down from 137,000 in May[8] Wage and Labor Market Trends - Hourly wage growth on a year-over-year basis decreased to 3.7%, down from 3.8% in May[9] - The average weekly hours worked fell to 34.2 hours, a decrease of 0.1 hours from the previous month[16] - Labor force participation rate declined by 0.1 percentage points to 62.3%[17] Economic Outlook - The Federal Reserve's interest rate cut expectations for July have decreased, with market pricing reflecting a cumulative cut of 51 basis points by 2025, down from 61 basis points[2][5] - The report indicates potential risks to employment growth in Q3 due to tariffs and immigration slowdowns, leading to a forecast of two preventive rate cuts in September and December[5][6] - The NFIB's hiring intentions suggest an increased risk of weakening job growth in the coming months[10]

Employment Data - In June, the U.S. added 147,000 non-farm jobs, exceeding Bloomberg's consensus estimate of 110,000[1] - The unemployment rate fell by 0.1 percentage points to 4.1%, primarily due to a rebound in household employment from -696,000 to 93,000[1] - The labor force participation rate declined by 0.1 percentage points, potentially due to immigration policies[1] Wage and Hourly Earnings - Hourly wage growth slowed to 0.2% month-on-month, below the expected 0.3%[1] - The three-month annualized growth rate of hourly wages decreased from 3.6% to 3.2%[5] - Average weekly hours worked fell to 34.2 hours, down from 34.3 hours[6] Sector Performance - Private sector job growth weakened, with a decline of 63,000 jobs to 74,000 in June, particularly in the service sector[5] - Government employment surged, contributing over half of the new jobs, with state and local government jobs rising significantly from 32,000 to 80,000[5] - The service sector saw a notable slowdown, with education and healthcare services declining by 32,000 jobs to 51,000[5] Market Implications - Due to the stronger-than-expected employment data, the probability of a rate cut by the Federal Reserve in July decreased, with market pricing for cumulative rate cuts in 2025 falling by 10 basis points to 51 basis points[1] - U.S. Treasury yields rose, with the 2-year and 10-year yields increasing by 12 basis points and 8 basis points, respectively, to 3.88% and 4.34%[1]

Group 1 - The three major U.S. stock indices are rising, with the Dow Jones up by 0.5% [1] - The S&P 500 index has increased by 0.6% [1] - The Nasdaq has seen a rise of 0.7% [1]

Core Viewpoint - The U.S. stock market indices have retraced some of their gains, with the S&P 500 and Nasdaq Composite turning negative during the day, while the Dow Jones Industrial Average is up by 0.2% [1] Group 1 - The S&P 500 index has shown a reversal in its upward trend, indicating potential volatility in the market [1] - The Nasdaq Composite index has also experienced a decline, reflecting broader market concerns [1] - The Dow Jones Industrial Average has managed to maintain a slight increase, suggesting some resilience among certain sectors [1]

美股三大股指悉数转跌，道指现跌0.06%，标普500指数、纳指跌0.10%。 ...

美股三大股指均涨超1%。 ...

美股三大股指涨幅收窄。 ...

美股三大股指持续走低，纳指期货和标普500指数期货均跌至0.5%。 ...

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