On Thursday, U.S. stock markets declined again. The broad market index S&P 500 at the end of the day fell by 1.1%, closing at 4,482 points. Among the largest U.S. companies, the growth leaders were Pfizer and Mastercard Incorporated, both up 0.9%. Shares of NVIDIA Corporation, down 3.6%, and Amazon, down 2.9%. Labor market data In yesterday’s morning trading, the US market once again attempted to rebound after declining in the previous days.

However, the publication of weekly data on the U.S. labor market cut short these efforts and the market began to decline again. According to the released data, the previous week 286 thousand Americans applied for unemployment benefits for the first time, which became the maximum value since October last year, and significantly exceeded expectations at the level of 220 thousand applications. Though earlier, such statistics could have been interpreted in favor of a rising market. Where a weak labor market would mean that the US Fed would have more reason not to tighten its policy. This time around, the market viewed this data negatively. Apparently, nobody on Wall Street has any doubts that the Fed’s policy will be tightened due to the growing inflation, and the situation on the labor market will not change. And since this is the case, bad data on the economy is interpreted as a negative signal. Let me remind you that in the past months the US market was in a positive mood, and almost any information was interpreted by the market in a positive way. But apparently times have changed, and that positive mood in the US market is no longer there.