讀後心得

The U.S. Labor Department announced the March non-farm employment data, with 228,000 new jobs added, exceeding expectations, but the unemployment rate unexpectedly rose to 4.2%. After the U.S. stock market opened, the three major indexes continued to decline, with the Dow Jones Industrial Average dropping sharply by 947.78 points, a decrease of 2.34%. Tech stocks performed poorly, with Apple's stock price plummeting 5% and its market value dropping to $3 trillion. Following China's announcement of increased tariffs on U.S. goods, the market is worried about a global economic recession and continues to plummet.

Today (the 4th), the U.S. Department of Labor announced the latest non-farm employment data for March, showing an increase of 228,000 jobs, surpassing the expected 137,000. However, the unemployment rate unexpectedly rose to 4.2%, higher than market expectations and the previous value of 4.1%. Additionally, the year-over-year growth rate of average hourly wages also slowed down.

After the U.S. stock market opened, the three major indices continued to decline, with the Dow Jones Industrial Average plummeting by 947.78 points, a drop of 2.34%, closing at 39,598.15 points, nearly a thousand-point plunge. The decline in technology stocks continued, with Apple falling by 5% due to its heavy reliance on the Asian market, dropping its market value below $3 trillion. TSMC (TSM) ADR fell over 5%, while Nvidia dropped more than 4%.

Following China's announcement of retaliatory tariffs on U.S. goods, concerns about a possible global economic recession have emerged, further battering the stock market, with U.S. stocks again falling significantly, continuing the previous day's sharp decline.

Moreover, the U.S. President's "reciprocal tariffs" policy has triggered panic in global financial markets, leading to substantial losses across the four major indices. Although the Taiwanese stock market was closed due to the Qingming Festival, it is likely to experience a correction on the following Monday. The market is currently focused on tonight's March non-farm employment report and the speech by the Federal Reserve Chairman to assess the labor market conditions and the direction of future interest rate policies.

According to the latest data from the U.S. Department of Labor, 228,000 jobs were added in March non-farm employment, significantly higher than the market expectation of 137,000, and the prior value was revised down from 151,000 to 117,000; the unemployment rate rose to 4.2%, exceeding the market expectation of 4.1%.

Further reading:

• Is Zhuo Rongtai's logic confused? Someone criticizes him as a "waste".
• The earthquake continues during the Qingming Festival! A magnitude 4.3 shallow earthquake occurred in Xiulin Township, Hualien at 21:12, felt in nine counties and cities.
• A public official is under fire! Asking "What ingredients are in Qingming Festival spring rolls?" sparked heated discussions among netizens.