Dow falls over 100 points as US economy adds 162,000 jobs in August
The US economy created 162,000 jobs in August, above estimates of 56,000. Unemployment held at 4.1%, while average hourly earnings rose 0.3% month over month and 3.1% year over year.
U.S. stocks traded mixed this morning, with the Dow Jones index falling over 100 points on Friday.
Following the market opening Friday, the Dow traded down 0.24% to 53,559.76 while the NASDAQ gained 0.04% to 26,595.11.
The S&P 500 also fell, dropping, 0.08% to 7,741.67.
Leading and Lagging Sectors Information technology shares jumped by 0.7% on Friday.
In trading on Friday, energy stocks fell by 1.5%.
Top Headline The U.S. economy created 162,000 jobs in August, sharply beating estimates of 56,000 and pointing to strengthening labor market conditions.
The unemployment rate held at 4.1%, matching expectations.
Average hourly earnings rose 0.3% month-over-month, matching forecasts, taking the annual pace to 3.1% from 3.2% in July.
Equities Trading UP Immuron Ltd — ADR ( NASDAQ: IMRN ) shares shot up 63% to $1.81 after the company announced an exclusive US distribution agreement for PROIBS with Calmino group.
Shares of CDT Environmental Technology (NASDAQ: CDTG ) got a boost, surging 46% to $1.31.
American Outdoor Brands Inc ( NASDAQ: AOUT ) shares were also up, gaining 39% to $13.90 after the company announced better-than-expected first-quarter fiscal 2027 results.
Equities Trading DOWN Intercont (Cayman) Ltd ( NASDAQ: NCT ) shares dropped 48% to $0.27.
Shares of Turbogen Ltd ( NASDAQ: TRBG ) were down 41% to $7.04.
BioXcel Therapeutics Inc (NASDAQ: BTAI ) was down, falling 24% to $0.090.
Commodities In commodity news, oil traded down 2.6% to $88.96 while gold traded down 1.8% at $4,460.50.
Silver traded down 2.1% to $66.270 on Friday, while copper rose 0.1% to $6.6715.
Euro zone European shares were mixed today.
The eurozone's STOXX 600 rose 0.1%, while Spain's IBEX 35 Index rose 0.3%, London's FTSE 100 slipped 0.1%, Germany's DAX gained 0.5%, while France's CAC 40 fell 0.1%.
Asia Pacific Markets Asian markets closed mostly higher on Friday, with Japan's Nikkei 225 gaining 1.26%, Hong Kong's Hang Seng index jumping 1.74%, China's Shanghai Composite falling 0.30% and India's BSE Sensex gaining 0.48%.
Economics The U.S. economy created 162,000 jobs in August, sharply beating estimates of 56,000 and pointing to strengthening labor market conditions.
The unemployment rate held at 4.1%, matching expectations.
Average hourly earnings rose 0.3% month-over-month, matching forecasts, taking the annual pace to 3.1% from 3.2% in July.
Photo via Shutterstock