On April 5, local time, the number of ADP jobs in March was far less than expected, and the three major stock indexes rose and fell, with the index falling by more than 1%. By the close, the Dow was at 33482.72, up 0.24%; The S&P 500 was down 0.25% at 4,090.38; The Nasdaq closed at 11,996.86 points, down 1.07 per cent.

Large tech stocks were generally weaker, with Tesla down 3.67%, Amazon, Nvidia down more than 2%, Apple, Facebook parent Meta, Netflix down more than 1%, and Microsoft down 0.99%.

Johnson & Johnson rose 4.49 percent and UnitedHealth Group rose 3.26 percent to lead the Dow higher. The Wind U.S. TAMAMA Technology Index fell 1.37 percent, with Tesla down 3.67 percent and Amazon down 2.74 percent.

Most of the popular Chinese stocks fell, Zhongyang Financial down 18.47%, Youdao down 15.61%, Lufax Holdings down 10.92%, Ehang Intelligence down 10.65%, Neweg down 7.63%, Jinshan Cloud down 6.08%, Futu Holdings down 5.33%, New Oriental down 5.25%, 21Vianet down 5.15%, iQiyi down 5.14%; In terms of growth, Juhao Mall rose 146.47%, energy chain wisdom electricity rose 11.97%, and legendary biology rose 4.08%. China concept new energy vehicle stocks were lower across the board, with NIO down 2.61%, Xiaopeng Automobile down 1.57% and Ideal Automobile down 2.94%.

In the key index of Hong Kong stocks in March, Hang Seng Technology led the way, rising nearly 10% in the month, and Hang Seng small stocks closed down. Hang Seng Index +3.1%, Hang Seng State-owned Enterprises +5.9%, Hang Seng Technology +9.6%, Red Chip Index +2.6%, Hang Seng Composite Index +3.0% (including Hang Seng Large-cap +3.6%, Hang Seng Mid-cap +1.8%, Hang Seng Small-cap -3.4%), Hang Seng Hong Kong Stock Connect +2.0%.

The data followed a string of weak economic data that heightened fears of a recession, showing U.S. ADP payrolls increased by just 145,000 in March, well below expectations of 210,000, while wage growth slowed, underscoring signs of cooling demand in the labor market.

Most of the 11 sectors in the S&P 500 closed down, with the consumer optional closing down 2.04 percent, industrials down 1.3 percent, information technology/technology down about 1.2 percent, consumer staples up less than 0.6 percent, energy up more than 1.4 percent, health care up more than 1.7 percent and utilities up about 2.6 percent.

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