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🇺🇸 U.S. stocks 6️⃣-1️⃣-2️⃣0️⃣2️⃣3️⃣ Rallies on Jobs Report, the next market cycle in-making.
@Aqa：
The three major indexes of 🇺🇸 U.S. stock market rallied on Friday at the end of the first week of trades. The $DJIA(.DJI)$ Dow Jones Industrial Average jumped more than 500 points (or +1.6%) after the U.S. Labor Department's December jobs report. For the December jobs report, no farm payrolls grew 223,000, more than the expected 200,000 workers for the month, and less than the 263,000 new hires in November. The unemployment rate dropped to 3.5% vs. the expected 3.7% rate. The average hourly earnings rose just 0.3%, below the 0.4% estimates and down from November's 0.6% increase. November was the seventh straight month -- and ninth out of the last ten months -- that payroll growth exceeded estimates. The $S&P 500(.SPX)$ gains +63.14 points (or 1.66%) to 3871,24 and it is still going strong. The $NASDAQ(.IXIC)$ rise +178 points (or +1.73%) to 10,483 points. The upsurge in stock market today across the board shows the market gaining strength and confidence for the first week of trades in 2023. Wall Street expects inflation to moderate and the Federal Reserve to slow down tightening in the first half of 2023,which should help take the global economy from the current contraction to a recovery regime and set the stage for the next market cycle. $Intel(INTC)$ Intel share price has jumped 2.36% and still charging upwards. It is USD$28.21 now. Intel has been a long-time laggard. It's low P/E ratio and strong ling-term growth prospects maymake it looks good buy now. Bloomberg has reported that China's efforts to negate U.S. technology sanctions, by building it's own homegrown semiconductor industry may already be flagging. The Chinese government may not be able to afford the spending on semiconductor subsidies that it initially planned. Result: Ghe threat of new competition from China, and potential overproduction and a global price war in semiconductor chips, is now fading. $Tesla Motors(TSLA)$ Tesla has rebounded and reversed its share price's downward spiral and turn positive now. It is gaining +1.43% and is USD$111.92 now. Tesla share price had fallen more than 7% in the morning when the market opened, setting a new 52-week low. The drop in share price happened after the company cut the price on two of its models in China. This is the automaker's second cut in three months as it battles waning demand in China. Is it safe to buy Tesla shares now? The above information is for reference. Do DYODDbefore making any trade. Good Luck 🍀 I would like to invite you to share your additional tips in the comment place below so that all 🐯 friends that read this post can also learn about your tips on the above stocks. Please also tap "Like" for this post. Thank you. Your "like" is important to me. It shows how many 🐯are interested in the abovementioned stocks. You are welcome to tap to repost/ share this post. @TigerStars @MillionaireTiger @CaptainTiger @Tiger_chat @Tiger_Champs @TigerPM
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