PANews reported on February 7 that JPMorgan Chase said that the US non-farm payrolls data to be released later on Friday must be just right - neither too hot nor too cold - for the US stock market to continue to rise. The trading department led by Andrew Taylor said that if the number of new jobs is less than 150,000, the stock market will go lower, and if the number of new jobs exceeds 230,000, it will also put pressure on the stock market because it will increase the bet that the Federal Reserve will have to raise interest rates. They said that in the pessimistic scenario, "the risk is that the job market cools faster than expected, which will drag down spending." They predict that a number as low as 110,000 will cause the S&P 500 to fall by 1.5% because it shows that concerns about global trade are affecting the US economy faster than expected.