Panjang

NFP

Based on the data I found, in April 2023, total nonfarm payroll employment in the U.S. rose by 253,000, and the unemployment rate remained fairly steady at 3.4%​1​. The NASDAQ index showed a positive trend after this report, as shown by the increase from 12,306.44 points on May 10, 2023​2​, to 13,100.98 points on June 1, 2023​3​.

Notably, the stock market, led by tech stocks, rose on June 1, 2023, ahead of the upcoming jobs report​4​. This suggests that the market may be anticipating positive job growth figures in the next Non-Farm Payroll (NFP) report.

However, it's important to note that predicting the exact impact of a specific NFP report on the stock market is challenging. Many factors can influence market movements, including global economic conditions, company-specific news, and investor sentiment. Moreover, even if the NFP report is positive, it does not guarantee that the market will rise, as market reactions can often defy expectations.
Trend Analysis

Penafian