On the evening of the 20th Beijing time, the number of initial jobless claims in the USA slightly increased last week, but the overall layoff figures are still at a low level.
Today, the three major US stock indices opened lower and then rose, as of the time of writing, $S&P 500 Index (.SPX.US)$、 $Dow Jones Industrial Average (.DJI.US)$Increased by 0.2%,$Nasdaq Composite Index (.IXIC.US)$ Increased by more than 0.24%.
On Thursday, regarding economic data, the number of initial jobless claims in the USA rose slightly last week, but data shows that layoffs are still generally low, despite efforts by the White House to reduce the federal workforce.
The U.S. Department of Labor reported on Thursday that for the week ending March 15, the number of first-time claims for unemployment benefits, seasonally adjusted, was 0.223 million, an increase of only 2,000 from the previous week, and below the Dow Jones expectation of 0.225 million. The four-week moving average rose slightly to 0.227 million.
For the week ending March 8, the total number of continuing claims for unemployment benefits reached 1.89 million, an increase of 0.033 million from the week ending March 1.
In Washington D.C., Musk's government efficiency department (DOGE) has been cutting the number of federal employees, leading to a decrease of 246 in the number of jobless claims.
Focus Stocks
Most Growth Tech stocks have fallen, $Broadcom (AVGO.US)$ dropping nearly 2%, $Microsoft (MSFT.US)$ 、 $Tesla (TSLA.US)$ A slight decline. $NVIDIA (NVDA.US)$ In contrast to the market, an increase of 0.64%. $Meta Platforms (META.US)$ Increased by nearly 2%.
Most China Concept Stocks fell. $XPeng (XPEV.US)$ 、 $NIO Inc (NIO.US)$ Fell more than 5%, $Baidu (BIDU.US)$ 、 $KE Holdings (BEKE.US)$ Dropped by more than 3%, $PDD Holdings (PDD.US)$ rose over 1%.

$PDD Holdings (PDD.US)$ It rose over 1%, having previously fallen more than 4%. Q4 revenue increased by 24.4% year-on-year, with a net income of 29.85 billion yuan.

$NVIDIA (NVDA.US)$ It rose nearly 1%, committing to purchase hundreds of billions of dollars in USA-manufactured chips.

$Accenture (ACN.US)$ Fell over 7%, the company's performance guidance is weak.

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