Bonds, Hot Jobs Report Chip Away at Stocks
A 162,000-job gain and an Iran-driven bond sell-off pushed yields higher and fueled fresh calls for Federal Reserve rate cuts.
5 Articles
5 Articles
Employment in the United States grew significantly faster than expected last month. A total of 162,000 jobs were added in August, according to the latest report from the U.S. Bureau of Labor Statistics. Analysts had anticipated growth of 53,000 jobs.
New York stock markets closed broadly lower after unexpectedly strong new jobs data. At the close on Friday, the Dow Jones Industrial Average had lost 0.5 percent, the broad-based S&P 500 index 0.4 percent and the tech-heavy Nasdaq Composite Index 0.3 percent. Investors were mostly pleased with the latest statistics from the country's Labor Department, released on Friday, which showed that 162,000 new jobs were created outside the agricultural s…
S&P 500 Falls 0.4% After 162,000 Jobs; Chip Stocks Defy Rate Scare
NEW YORK, Sept. 4, 2026 — The S&P 500 fell 0.38% to 7,718.36 on Friday. The Dow lost 0.51% after unexpectedly strong U.S. hiring revived rate concerns. The Nasdaq Composite slipped 0.29%, yet the Nasdaq-100 tracking fund gained 0.18%. Semiconductor shares rose 3.52%, exposing a market leaning heavily on chip stocks. S&P 500: Friday’s route…
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