TechFlow news, according to Jinshi News, Andrew Taylor, head of JPMorgan's trading division, said that U.S. nonfarm payroll data needs to remain within a reasonable range to support further stock market gains. Specifically, if new job additions fall below 150,000 or exceed 230,000, it would put pressure on the stock market. If employment data drops as low as 110,000, it could lead to a 1.5% decline in the S&P 500 Index, reflecting growing global trade concerns accelerating their impact on the U.S. economy. Excessively strong employment figures, on the other hand, could heighten market expectations for further Federal Reserve rate hikes.
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