Dow closes down 271 points after strong jobs data, raising Fed rate hike expectations

Macro Impact 4
โดย HoonSmart·US·Read original
Summary · why it matters

All three major U.S. stock indices closed lower on Friday, with the Dow falling 271.86 points, or 0.51%, to close at 53,414.25. The S&P 500 fell 0.38%, and the Nasdaq fell 0.29%. This followed August nonfarm payrolls increasing by 162,000 jobs, far exceeding economists' forecast of 53,000, while the unemployment rate held steady at 4.1%. This led investors to increase expectations that the Fed will raise interest rates by 0.25% at its meeting this month. CME's FedWatch indicated the probability of a rate hike rose to 58.4% from 49.4% on Thursday. The 2-year Treasury yield surged to its highest level since January 2025. Semiconductor stocks rose 3.4%, but Lululemon shares plunged 17.4% after cutting its full-year profit and revenue guidance, and Adobe shares fell 6.7% after announcing a CEO change. European markets closed mixed, with the STOXX 600 up 0.12% to 649.88. Volkswagen jumped 5.9% after reaching a business turnaround deal. WTI crude oil closed at $91.48 per barrel, up 0.2%, and Brent closed at $96.28 per barrel, up 0.8%.

Impact on stocks 7

Consumer Discretionary± Mixed · 2 stocks
Volkswagen AG
VOW
▲ PositiveCapitalrelevance

Volkswagen jumped 5.9% after reaching a business turnaround deal.

Artificial Intelligence▼ · 1 stocks
Electrification & Mobility▲ · 1 stocks
Others▲ · 3 stocks
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