The labor market is weak and bearish forces are strengthening, causing a decrease in the momentum of the U.S. stock market rebound

According to Jinshi reports, the rebound in the U.S. stock market has stalled due to the decline in large-cap AI-related stocks, and traders' analysis shows further weakening data in the labor market. The S&P 500 index opened down 0.2%, with declines in the technology and communication services sectors being the main reasons. Nvidia's stock price fell as SoftBank sold all of its shares, cashing out $5.83 billion. Citigroup research data shows that investors increased their bearish bets on the stock market over the past week, including a net addition of $3.75 billion in short positions in the Nasdaq. ADP data indicates that, for the four weeks ending October 25, the U.S. private sector job openings decreased by an average of 11,250 per week.