Stocks Fall After 162,000 Jobs Report Fuels Fed Rate Hike Fears
Updated
Updated · Yahoo Finance · Sep 4
Stocks Fall After 162,000 Jobs Report Fuels Fed Rate Hike Fears
3 articles · Updated · Yahoo Finance · Sep 4
Summary
U.S. stocks opened lower Friday after August payrolls rose by 162,000, a result investors read as increasing the odds of a Federal Reserve rate hike at its next meeting.
Treasury yields moved higher alongside that reaction, with the 10-year yield creeping up even as oil prices eased and Brent crude stayed below $95 a barrel.
Sector trading was mixed: tech outperformed, helped by Nvidia rising 2% near record highs, while financials, energy and consumer discretionary shares slipped.
The early moves show markets balancing still-solid labor data against the risk that stronger economic momentum keeps monetary policy tighter for longer.