Strong US Jobs Lift Dollar and Yields, but Tech Rebound Faces the Real Test

October nonfarm payrolls rose 165K against the 56K consensus, unemployment fell from 4.2% to 4.1% and average hourly earnings strengthened to 0.4% mom. The report strengthens the case for further Fed tightening, but it does not resolve the separate concerns about AI valuations, investment returns and financing risks. Higher Treasury yields add pressure on growth stocks, so whether the tentative technology rebound survives the US cash session is the more consequential question for market sentiment. The post Strong US Jobs Lift Dollar and Yields, but Tech Rebound Faces the Real Test appeared first on ActionForex.