U.S. stocks fall as Nasdaq slides over 100 points despite strong jobs data

  • U.S. stocks traded lower midway through Friday’s session.
  • 162,000 jobs were created in August, versus estimates of 56,000.
  • Asian markets mostly rose, while European shares finished mixed.

U.S. stocks traded lower midway through Friday’s session, with the Dow down 0.56% at 53,386.54, the Nasdaq Composite down 0.44% at 26,468.00 and the S&P 500 down 0.43% at 7,714.25. Industrials rose 0.3%, while consumer discretionary shares fell 1.7%. The U.S. economy added 162,000 jobs in August, well above estimates of 56,000. The unemployment rate remained at 4.1%, while average hourly earnings rose 0.3% from July and increased 3.1% year over year, compared with 3.2% in July. Immuron, Quanex Building Products and American Outdoor Brands posted gains of 50%, 23% and 42%, respectively, while Guidewire Software, Lululemon Athletica and UiPath fell 21%, 18% and 16%. Oil declined 0.5% to $90.88, gold fell 1.2% to $4,484.60, silver dropped 1.4% to $66.76 and copper rose 0.2% to $6.6795. European markets were mixed, while most Asian markets closed higher.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.
U.S. stocks fall as Nasdaq slides over 100 points despite strong jobs data - CoinPost Terminal