美国股评 US Market Summary 20230106

*US shares slip as jobs data point to hot US labor market*

*6 January 2023*
Nasdaq 100 Index 10741.22, (-1.59%)↓
S&P 500 Index 3807.99, (-1.17%)↓
Dow Jones Indus Avg Index 32930.08, (-1.02%)↓

US stocks closed lower on continued evidence of strength in the labor market which could prompt more Fed tightening. The policy-sensitive *2-year Treasury yield* climbed the most in a month while the *Dollar Index* also rose to around 104.92. 10 of 11 sectors closed in the red, with *Energy* the sole sector in the green, while *Real Estate* and *Utilities* led shares lower. Elsewhere, checkpoints at the border separating *Hong Kong and China* are set to reopen this Sunday. The *VIX (+2%)* jumped to 22.45.

The *ADP National Employment report* came in higher than expected at 235K in December, up from 182k in the previous month. *Weekly Initial Jobless Claims* also fell more than expected to 204k from 223k last week. This fueled speculation that the *Fed may have to continue hiking rates to restore supply and demand balance in a tight labor market* that could add to inflation. *St. Louis Fed President James Bullard* briefly boosted optimism, stating that rates are getting closer to a sufficiently restrictive level. *Atlanta Fed President Raphael Bostic* said that the Fed still has “much work to do” to tame inflation that is still "way too high". *Kansas City Fed President Esther George* favored hiking rates above 5% well into 2024. All eyes will be on *Nonfarm Payrolls due later today at 21:30 Singapore Time*.

*Amazon (-2.37%)* fell after announcing layoff plans. *Walgreens Boots Alliance (-6.13%)* plunged after posting a quarterly loss due to an opioid litigation settlement. *Bed Bath & Beyond (-29.88%)* tumbled after reporting that it is considering filing for bankruptcy. *Lamb Weston (+9.77%)* surged on strong quarterly results. After hours, *World Wrestling Entertainment (+11.33%)* jumped on reports that former chief Vince McMahon will return as executive chairman.