Skip to content 
Overnight – Stocks quiet into US Employment as Bitcoin cracks $100k
Stocks were little changed on overnight, with technology shares easing after recent sharp gains and investors bracing for Friday’s jobs report, as Bitcoin broker $100k for the first time in history
Shares of UnitedHealth were down 4.7% and the stock the biggest weight on the Dow and S&P 500 as the CEO of their insurance division, Brian Thompson, was killed outside a Midtown Manhattan hotel in what police described as a targeted attack.
Forecasters believe Friday’s employment report will show nonfarm payrolls increased by 200,000 jobs in November, a Reuters survey showed. In October, payrolls rose 12,000, the smallest rise since December 2020.
Data earlier in the day showed the number of Americans filing new applications for unemployment benefits rose slightly last week.
Cryptocurrency and blockchain-related stocks lost steam after surging earlier in the day when bitcoin, the world’s largest cryptocurrency, stormed above the $100,000 mark for the first time.
ASX SPI 8473 (-0.01%)
Another quiet day for the local bourse, as all eyes will be on the US employment data tonight.
US Payrolls tonight is the only thing left that can derail this rally until the inauguration in January. Expectations are for 218k jobs added and 4.1% unemployment
