Tonight (March 26) there are several positive news that are worth noting in the US stock market, and indeed there is an important employment data release tonight, but it is not non-farm payrolls, rather the initial jobless claims.

Below are the positive news and data release details for tonight's US stocks:

Tonight's positive news in US stocks

Chip giant Arm surges: Arm announced a brand new artificial intelligence data center chip, expected to generate billions of dollars in revenue. Driven by this good news, Arm's stock price soared over 16%. This also boosted the Philadelphia Semiconductor Index by about 1.2%, and other chip stocks such as AMD, Intel, Nvidia, etc., also generally rose.

Middle East situation easing expectations: Although Iran rejected the US ceasefire proposal, market expectations that US-Iran negotiations will continue have increased. The Trump administration is pushing for negotiations with Iran to end the conflict, which to some extent eased market tension and drove the Nasdaq up about 1%.

Strong performance of Chinese concept stocks: The Nasdaq Golden Dragon China Index rose 1.86%. Among specific stocks, JD.com increased by 8.30%, Pinduoduo by 4.61%, Alibaba by 3.50%, Baidu by 2.73%, with overall performance quite impressive.

Employment data released tonight

The employment data released tonight is the US initial jobless claims for the week ending March 21, not non-farm payrolls.

Release time: Tonight at 20:30 (Beijing time)

Data nature: Initial jobless claims are a high-frequency weekly indicator measuring the US labor market condition, reflecting the number of people who filed for unemployment benefits for the first time in the past week.

Market impact: The performance of this data will directly influence market expectations of Fed rate cuts. If the data is below expectations, it indicates the labor market remains strong, which may suppress rate cut expectations; conversely, if the data exceeds expectations, it could reinforce rate cut expectations, benefiting the stock market.

Risk warning

If Bitcoin weakens simultaneously or macro news is bearish, ETH may accelerate downward toward the 2,100 region;

Conversely, if a sudden positive catalyst pushes volume beyond 2,161, it may restore the pattern and return to oscillation.

Current market sentiment is somewhat bearish, but it has entered an oversold zone, so excessive shorting is not recommended. It is advisable to buy low and sell high, and to take light positions to gamble on rebounds.