The three major U.S. stock indexes opened higher and moved lower this week. Later, they even jumped short and opened lower, hitting new lows.

At the index level, the Nasdaq closed down 3.53%, the S&P 500 closed down 2.70%, and the Dow closed down 1.58%.

At the sector level, all eleven major sectors of the S&P 500 ended lower, with only the telecommunications business sector falling less than 1.00%, followed by the consumer staples and utilities sectors within the defensive sector.

On the one hand, such a negative market situation stems from the fact that the Federal Reserve revealed a more hawkish stance on interest rates in the September FOMC interest rate resolution, and does not rule out the possibility of another interest rate hike this year.

On the other hand, the latest number of people applying for unemployment benefits for the first time fell. to 201,000, falling to the lowest level since January this year; while the Philadelphia Fed manufacturing index dropped sharply to -13.5 points in September, which was expected to be 0.0 points.

The persistence of high inflation is an increasingly serious threat to the manufacturing industry that the United States relies on for its livelihood. It is also a powerful trigger for large-scale strikes by the three major U.S. auto companies. Looking ahead to next week, it is expected that pessimism will continue to affect the index market.