Dow Jones, S&P 500, Nasdaq: US stocks mixed after strong jobs report
US employment in August rose more strongly than expected by economists. The market is now growing concerned that the Federal Reserve may be forced to raise interest rates after all.
US stock market indexes are showing mixed results, with the Dow Jones down 0.4% to 53,496 points, S&P 500 nearly unchanged at 7,737 points, and Nasdaq Composite steady at 26,618 points. The US job market added 162,000 jobs in August, far exceeding the 56,000 jobs expected by experts. The unemployment rate remained at 4.1% in August.
Analyst Bastian Hepperle from Bethmann Hal says the strong job market data may push the Federal Reserve to raise interest rates. Upcoming producer and consumer price data will be crucial in determining the Fed's next move.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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