U.S. Employment Data Crucial For Stock Market Performance

According to PANews, JPMorgan has indicated that the upcoming U.S. non-farm payroll data, set to be released late Friday, must strike a balance to support the continued rise of the U.S. stock market. The trading division, led by Andrew Taylor, suggests that if job additions fall below 150,000, the stock market may decline. Conversely, if job additions exceed 230,000, it could also pressure the market by increasing bets on a Federal Reserve interest rate hike. The team expressed concerns that in a pessimistic scenario, the risk lies in the job market cooling faster than anticipated, which could dampen spending. They predict that a figure as low as 110,000 could lead to a 1.5% drop in the S&P 500 Index, indicating that global trade concerns are impacting the U.S. economy more rapidly than expected.