US adds 266,000 new jobs, surpasses expectations
The U.S. economy added more jobs last month than expected, and the unemployment rate touched a record low.
According to data from the U.S. Bureau of Labor Statistics, 266,000 new positions were added to the economy in November, which well exceeded economists' forecasts of 180,000.
The unemployment rate fell to 3.5%, the lowest since 1969.
Average hourly earnings rose +0.2% on a monthly basis, in line with analysts’ expectations. The year-over-year wage growth rate came in at + 3.1%, above analysts’ forecasts of +3%.
The latest jobs reports potentially spells hope amid uncertainties related to US-China trade relations, slowing business fixed investment and weakening manufacturing output of recent times.
Manufacturing sector added 54,000 positions in November, out of which 41,000 were in auto manufacturing. General Motors workers, who came back from their October strike, helped in boosting job gains.
U.S. job gain figure for October was revised upwards to 193,000 from 180,000. For September, the data was revised to 156,000 from 128,000.
SPY in downward trend: 10-day moving average crossed below 50-day moving average on February 23, 2026
The 10-day moving average for SPY crossed bearishly below the 50-day moving average on February 23, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 71 cases where SPY's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on March 03, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on SPY as a result. In of 71 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SPY turned negative on March 02, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 54 similar instances when the indicator turned negative. In of the 54 cases the stock turned lower in the days that followed. This puts the odds of success at .
SPY moved below its 50-day moving average on February 27, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
Bullish Trend Analysis
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in of 367 cases, the price rose further within the following month. The odds of a continued upward trend are .
SPY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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