On December 16th, Beijing time, the US stock market showed mixed results in early trading on Tuesday, with the S&P 500 index slightly declining. The US non-farm payroll report for November revealed that the unemployment rate reached a new high since 2021, and the number of non-farm jobs significantly decreased in October.
The Dow Jones Industrial Average fell by 93.43 points, a decrease of 0.19%, closing at 48323.13 points; the Nasdaq rose by 28.55 points, an increase of 0.12%, closing at 23085.96 points; the S&P 500 index fell by 5.90 points, a decrease of 0.09%, closing at 6810.61 points.
On Monday, all three major US stock indices closed lower, mainly dragged down by declines in key artificial intelligence stocks.
Broadcom closed down 5.6% on Monday, software company ServiceNow plummeted 11.5%, and Oracle fell by 2.7%. Microsoft's stock also closed lower as investors continued to take profits from strong-performing artificial intelligence trades and shifted their funds to other market sectors such as healthcare and utilities.
Nevertheless, the US stock market is still expected to welcome a year of gains, with all eleven sectors of the S&P 500 index projected to record increases.