On November 4th local time, the latest non-agricultural employment data released by the United States in October was better than expected, temporarily boosting market sentiment. U.S. stock three major stock indexes closed higher, most of the industry sectors strengthened, and the popular Chinese stock listed in the United States also performed well. However, market analysts said that the data also increased the probability that the Federal Reserve will continue to raise interest rates on , and some funds are being transferred from US stocks to safe assets such as cash. In addition, Twitter was sued for Musk's plan to lay off 3,700 employees (which account for half of the total number of employees). Employees said the company did so without advance notice, violating federal and California laws.
According to CCTV News, Russian President Putin said on November 4th local time that civilians in the Khlsong should be evacuated from the combat operation area. On the same day, the local government of Kherson City announced that the area was in a state of martial law of 24 hours a day. The U.S. Department of Defense announced that it would provide Ukraine with another $400 million in military aid.
Non-agricultural data exceeded expectations. US stocks closed higher
On November 4, local time, the three major U.S. stock indexes closed higher across the board. As of the close, the Dow Jones Industrial Average rose 1.26% to 32,403.22 points; the S&P 500 index rose 1.36% to 3,770.55 points; the Nasdaq rose 1.28% to 10,475.25 points.
industry sector, most of the large technology stocks rose, among which Microsoft rose 3.33%, but Apple and Netflix fell. Major financial stocks rose collectively, with gains mostly between 2.5% and 2.9%. Well-known airline stocks also generally rose, with United rising more than 4%.
Popular Chinese stocks listed in the United States performed well, among which JD.com rose nearly 10%, NIO rose more than 17%, Xiaopeng Motors rose more than 15%, and Ideal Auto rose more than 9%.
On the same day, the latest data released by the U.S. Department of Labor showed that the non-farm employment population increased by 261,000 after the seasonal adjustment in October, higher than the expected 200,000; the unemployment rate was 3.7%, also higher than the expected 3.6%. Market insiders said that the non-agricultural data has temporarily boosted sentiment in the US stock market, but the market's expectations that the Federal Reserve will still raise interest rates significantly in the next month have not changed, and some funds are shifting from US stocks to cash and other assets.
Bank of America strategists pointed out in their latest report that investors are accelerating their escape to the safe cash fund as the Fed remains firmly pursuing a hawkish stance. Bank of America cited EPFR Global data, which was monitored by the agency, said inflows of global cash funds reached as high as $62.1 billion in the week ended November 2.
Musk is sued
Twitter employee: layoffs did not inform
In the US stock market, another important news is related to Tesla founder Musk.
According to the latest media reports on the 5th, Twitter was sued for Musk for laying off 3,700 employees (accounting for half of the total number of employees).
employees said the company did so without advance notice, violating federal and California laws. On Thursday local time, they filed a class action lawsuit against Twitter in San Francisco federal court in .
In an email to employees, Twitter plans to lay off employees starting Friday local time. Musk wants to cut the cost of Twitter, who acquired the social platform for $44 billion last month, people familiar with the matter said.
data shows that the US Federal Workers’ Adjustment and Retraining Notice Act restricts large companies from making large layoffs without at least 60 days in advance. The class action requires the court to issue an order requiring Twitter to comply with the above bills and limit the company's requirement that employees sign documents that may waive their rights to participate in the lawsuit. The lawyer who filed the lawsuit said in an interview with the media: "We filed this lawsuit to ensure that employees realize that they should not give up their rights and that they have a channel to pursue their rights."
Twitter has not responded to a request for comment.
Military people in Khlsong were asked to evacuate
Locally entered a 24-hour martial law state
Local time On November 4, local time, Russian President Putin stated that civilians in the Khlsong area should be evacuated from the combat operation area. On the same day, the local government of Kherson City announced that the area was in a state of martial law of 24 hours a day.
On the same day, Ukrainian Defense Minister Leznikov said that Russian troops may evacuate from the Khlson area. Leznikov also revealed that Western countries are focusing on providing Ukraine with a batch of air defense system , including the latest model of "Hawk" surface-to-air missiles, Germany's Irist air defense system, the United States' "national advanced surface-to-air missile system", and France's "Saturnas" surface-to-air missiles, etc.
U.S. Department of Defense announced that
Another providing about $400 million in military aid to Ukraine
On November 4th local time, the U.S. Department of Defense announced that it would provide Ukraine with a new batch of military aid worth about $400 million in accordance with the Ukrainian Security Assistance Initiative (USAI). The Ministry of Defense issued a statement on the same day, saying that weapons would be extracted from the Ministry of Defense inventory and transported to Ukraine.
According to the statement, the aid plan includes funds for the renovation of the Hawk air defense system and the armored vehicle , training and maintenance, as well as improved T-72B3 tanks and Phoenix Ghost tactical drone systems.
statement said that since US President Biden took office, the United States has promised to provide more than $18.9 billion in military aid to Ukraine.
Illegal U.S. troops
transports strategic materials to its Syrian base
According to Syrian State TV station local time on November 4, the United States illegally garrison used about 70 trucks to transport strategic materials from its military base in the southern village of Hassek Province, Syrian through the illegal crossing point of Warid, from Iraq to its military base in the southern village of Hassek Province, Syria.
At present, the United States illegally garrisons in Syria and its supportive Syrian opposition forces have occupied a large area of land in northeastern Syria and frequently stolen Syrian oil and food resources. Recently, people's march broke out in many places in northeastern Syria, calling for the expulsion of US and Syrian opposition troops. (The pictures in this article are from Wind)
Original title: Late night heavy! This data was released, and the US stock market rose sharply across the board! Musk: 3,700 layoffs, Twitter employees were angry: file a class action lawsuit!
Source: China Securities Journal
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