U.S. stocks fall as August jobs beat lifts Treasury yields
U.S. equities finished lower Friday, September 4, after August nonfarm payrolls rose 162,000 versus roughly 55,000 expected, keeping unemployment at 4.1%. The S&P 500 fell 0.38% to 7,718.60.
S. stocks finished lower Friday, September 4, as a stronger-than-expected August jobs report lifted Treasury yields and added to expectations for another Federal Reserve rate hike. 2%. 1%, and July payrolls were revised from a decline to a gain, pointing to a resilient labor market.
37%, and markets moved toward roughly a 60% probability of a September Fed hike. 3%.