Dow Jones, S&P 500, Nasdaq: US-Aktien trotz starkem Arbeitsmarktbericht im Plus
Die US-Beschäftigung im August ist stärker gestiegen als von Ökonomen erwartet. Am Markt wächst nun die Sorge, die Federal Reserve könnte gezwungen sein, die Zinsen doch noch zu erhöhen.
Investors watched the US labor market report on Friday, hoping it would provide clues about whether the Federal Reserve could delay a rate hike in September. Following slight gains the previous day, major indices were in the green on Friday. The Dow Jones Industrial Average fell 0.4 percent to 53,496 points. The broader S&P 500 remained almost unchanged at 7,737 points.
The tech-heavy Nasdaq Composite barely moved at 26,618 counts. The Nasdaq 100, reflecting the 100 largest non-financial companies by market capitalization, rose 0.6 percent to 29,646 points. The US jobs market added far more positions than expected. In total, 162,000 jobs were created outside agriculture, according to the government report released on Friday.
Market experts surveyed by Reuters had anticipated 56,000 jobs. The unemployment rate held steady at 4.1 percent in August. "More beef than fish: labor market data is more likely to push the Fed to raise interest rates," said Bastian Hepperle of Privatbank Bethmann Hal. "Producer and consumer price increases will be the key levers for the Fed to decide on the benchmark rate."
The Fed's decision hinges on job data. The central bank aims to achieve full employment and stable prices, keeping the benchmark interest rate within the 3.50 to 3.75 percent range. Fed Chairman Kevin Warsh recently expressed concern over persistent inflation, while Federal Reserve Director Christopher Waller signaled open to another rate pause if inflation eases.
With stronger-than-expected job growth in August, bets on a rate hike from the US Federal Reserve have increased, now at 65 percent compared to around 55 percent. Treasury bond yields for ten-year US government bonds rose to 4.796 percent from 4.748 percent. The dollar index climbed 0.3 percent to 99,293 points. Gold prices fell 1.6 percent.
Key values under scrutiny include Lululemon's reduction in its annual forecast for the second consecutive year, signaling deep-rooted problems shortly after the new chief Heidi O'Neill took office, causing its shares to drop about 17 percent. Adobe saw negative investor sentiment regarding the planned leadership change, with its shares dropping more than 6 percent.
Anil Chakravarthy is set to replace Shantanu Narayen as CEO on December 1st, marking the company's first change in leadership since 2007. Shares fell 6.6 percent.
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