top of page

Nasdaq100 Predicting a Big Miss For The Non-Farm Payroll

Stock Market Update Thursday December 7, 2023 Nasdaq100 Predicting a Big Miss For The Non Farm-Payroll. Are seeing buy the rumor sell the news? The indices remained in the green through midday, Ahead of the release of November's jobs data, there was a noticeable surge in market enthusiasm, as evidenced by the Nasdaq100 climbing 1.4%. This rise brought it to within 4% of its peak from autumn 2021, reflecting a heightened sense of optimism among investors. The upcoming Non-Farm Payroll (NFP) report may provide some insights into the market's future direction, though there's a strong possibility that market conditions could remain range-bound through the end of the year.

Away from stocks, fixed income showed weakness, while the value of the greenback fell, particularly against the yen, which experienced a notable 2.5% movement. This shift can be attributed to increasing indications from the Bank of Japan (BOJ) that a policy tightening may be on the horizon.

SPX500 Chart Thursday December 7, 2023
SPX500 Chart Thursday December 7, 2023


Want to read more?

Subscribe to to keep reading this exclusive post.


bottom of page