U.S. stocks Friday: The three major stock indexes all rose by more than 2%, Xiaopeng iQiyi fell by about 15%

U.S. time on Friday, the major U.S. stock indexes closed up across the board, and the three major stock indexes all rose by more than 2%, thus achieving cumulative gains this week. Investors expect slower U.S. wage growth in December to help the Federal Reserve fight inflation.

The Dow Jones index closed at 33630.61 points, up 700.53 points, or 2.13%; the S&P 500 index closed at 3895.08 points, an increase of 2.28%; the Nasdaq index closed at 10569.29 points, an increase of 2.56%.

Large technology stocks generally rose, Apple and Amazon rose more than 3%, and Apple’s market value returned to above $2 trillion.

Leading chip stocks generally rose, with Broadcom and Applied Materials up more than 6%, ASML and Qualcomm up more than 5%.

Leading stocks of new energy vehicles generally fell, Tesla bucked the trend and rose 2.47%; Rivian fell 0.97%; Faraday Future fell 4.08%; Weilai fell 4.51%, Xiaopeng fell 15.04%, and Ideal fell 9.16%.

Among the leading e-commerce stocks in China, Alibaba rose 2.70%, JD.com fell 2.43%, and Pinduoduo rose 0.56%.

Among other popular Chinese concept stocks, New Oriental rose 4.46%, Zhihu rose 3.33%, Autohome rose 2.53%, BOSS Zhipin rose 1.98%, Baidu rose 0.40%, Ctrip rose 0.08%, and Bilibili fell 1.88%.

Specifically, the major technology stocks in the US stock market performed as follows:

The major chip stocks in the US stock market performed as follows:

The performance of popular Chinese stocks listed in the United States is as follows:

On Friday, U.S. time, data released by the U.S. Department of Labor showed that the number of non-agricultural employment in the United States increased by 223,000 in December. Although it was higher than the consensus estimate of 202,000, the increase was the lowest since December 2020; the unemployment rate It fell to 3.5%, lower than expected and the previous value of 3.7%, the lowest level since September last year; wage inflation cooled significantly, and the average hourly wages of employees increased by only 0.3% month-on-month, which was lower than market expectations of 0.4%.

But the long-awaited December non-farm payrolls report failed to provide a clear picture of the state of the U.S. labor market, especially a day after two jobs data showed continued tightness in the labor market. Investors remained concerned about what the strength in the labor market contrasted with weaker growth in average hourly earnings meant for Fed policy going forward.

Chris Low, chief economist at investment bank FHN Financial, said: “Unemployment hitting a 53-year low is a real problem, suggesting that the Fed has made no progress in easing pressure on the labor market in 2022. But in November The downward revision to average hourly earnings, combined with a smaller-than-expected increase in December, bought more time for the FOMC.”

Recent data has complicated the Fed’s task and created uncertainty for markets. Kansas City Fed President Esther George warned on Friday that Fed officials face a tough road as they try to balance inflation and employment. Other Fed officials also continued their hawkish stance, saying that while the data was encouraging and inflation was easing, the central bank still had more work to do.

(Liu Chun)