The Nasdaq, S&P 500, and Dow All Fell Slightly Friday. The Jobs Report Wasn't Really Why.
Yahoo Finance ·
Stocks edged lower Friday after the August jobs report came in roughly three times as strong as economists expected. Hot jobs reports are usually bad news for Wall Street, as investors ponder rising risks of inflation-fighting Fed rate increases . The major indexes are indeed down today, but the drops are fairly small. The Nasdaq Composite ( ^IXIC -0.41% ) was down 0.3% as of 1:20 p.m. ET, the S&P 500 ( ^GSPC -0.42% ) down 0.4%, and the Dow Jones Industrial Average ( ^DJI -0.49% ) down 0.5%. The Dow fell as much as 0.7% around 11 a.m. ET before clawing most of it back. ^IXIC data by https://ycharts.com ">YCharts Economists were looking for 53,000 payroll additions in August. They got 162,000, the best month since March. Unemployment held steady at 4.1% and prior months revised upward. That's good news for people who want jobs, but a complicated report for people who want cheaper access to borrowed funds.
DYAX Investor Sentiment
Bullish (Long) 61% · Bearish (Short) 39%
261 participants
Related News
- Google Turns Three Everyday Apps Into Paid Gemini Microphones
- Meta Cuts AI Output Prices 95%--If Developers Share Their Work
- Amazon's $100 Billion Anthropic Contract Gets a 45% Cheaper Engine
- Sector Update: Consumer Stocks Fall Late Afternoon
- Oura's Revenue Just Jumped 74% — and Its IPO Filing Shows It's Not Just a Wearables Company Anymore
- 2 High-Yield Dividend Stocks Worth Buying Right Now
