Dow falls over 100 points as US economy adds 162,000 jobs in August

U.S. stocks were mixed Friday after the Dow Jones Industrial Average fell more than 100 points. The Dow was down 0.24% at 53,559.76, while the Nasdaq added 0.04% to 26,595.11 and the S&P 500 slipped 0.08% to 7,741.67. Information technology shares rose 0.7%, while energy stocks fell 1.5%.

The U.S. economy added 162,000 jobs in August, well above estimates for 56,000. The unemployment rate held at 4.1%, in line with expectations. Average hourly earnings increased 0.3% month over month, matching forecasts, and the annual pace eased to 3.1% from 3.2% in July.

Immuron Ltd — ADR rose 63% to $1.81 after it announced an exclusive U.S. distribution agreement for PROIBS with Calmino group. CDT Environmental Technology climbed 46% to $1.31. American Outdoor Brands gained 39% to $13.90 after it reported better-than-expected first-quarter fiscal 2027 results.

DOWN Intercont (Cayman) Ltd (NASDAQ: NCT) shares fell 48% to $0.27. Turbogen Ltd (NASDAQ: TRBG) dropped 41% to $7.04, while BioXcel Therapeutics Inc (NASDAQ: BTAI) fell 24% to $0.090. In commodities, oil traded down 2.6% to $88.96 and gold slipped 1.8% to $4,460.50. Silver fell 2.1% to $66.270, while copper rose 0.1% to $6.6715.

European shares were mixed, with the STOXX 600 up 0.1%, Spain's IBEX 35 Index up 0.3%, London's FTSE 100 down 0.1%, Germany's DAX up 0.5% and France's CAC 40 down 0.1%. Asian markets were mostly higher, with Japan's Nikkei 225 up 1.26%, Hong Kong's Hang Seng index up 1.74%, China's Shanghai Composite down 0.30% and India's BSE Sensex up 0.48%. The U.S. economy added 162000 jobs in August, well above estimates of 56000.

The unemployment rate held at 4.1%, in line with expectations. Average hourly earnings rose 0.3% month-over-month, matching forecasts, and the annual pace eased to 3.1% from 3.2% in July.