U.S. stock closed: The three major indexes fell more than 1% BYD ADR nearly 7%

On Friday, Eastern Time, although the non -agricultural employment report exceeded expectations in August, it failed to alleviate investors' concerns about the Fed's radical interest rate hike. The US stock market has rushed up, and the three major indexes have closed more than 1%, and the weekly line has fallen for the third consecutive week.

(The S & P 500 index set one of the largest fluctuations in the largest market since April, Source: British Caiqing)

According to the data released before the market on Friday, the non -agricultural employment population increased by 315,000 after the quarterly regulation in the United States, better than the market expectations of 300,000 people.

In August, non -agricultural data briefly boosted market emotions. The three major indexes once rose by more than 1%, but in the afternoon, they vomited all the increase and began to fall. Some traders said that the light transactions before the US holiday weekend exacerbated the two -way fluctuations in the stock market, and the S & P 500 index set one of the largest volatility since April. Note: Next Monday (September 5th) is the US Labor Day, and the US stock market is closed for one day.

Last week, Fed Chairman Powell reiterated his commitment to inhibit inflation at the annual meeting of the Central Bank of Jackson. This eagle speech reversed the market's expectations for the Federal Reserve's interest rate hike. Matthew Tym, managing director of Cantor Fitzgerald and director of stock derivatives, said: "It is because of the Federal Reserve that our current views on the market are fundamentally negative."

Market dynamics

As of the close, the Dow Jones Index fell 1.07%to 31,318.44 points; the S & P 500 index fell 1.07%to 3,924.26 points; the Nasdaq index fell 1.31%to 11,630.86 points.

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