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On the SPOT™ blog (09/07/2023) [E..]

Last week's jobless claims fell more than estimated and hourly wages seemed to have gone up suggesting generally strong labor market. The probability of Feds raising interest rate again this year (remains to be seen) appears to be increasing. In addition to that, some fear has returned to the market related to US-China trade tensions as another unconfirmed article suggested that China might broaden ban on use of iPhones for state-backed companies. These might be the reasons why this morning (PST), S&P500, Nasdaq Composite are in the red and Dow is slightly in the green.

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