{
  "id": 5673446,
  "title": "US stocks: Wall Street ends lower as solid jobs data fuels hawkish Fed bets",
  "url": "https://urgent.news/2026/09/04/us-stocks-wall-street-ends-lower-as-solid-jobs-data-fuels-hawkish-fed",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T23:48:30.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/us-stocks-wall-street-ends-lower-solid-jobs-data-fuels-hawkish-fed-bets"
  },
  "original_language": "en",
  "account": "On Friday (Sep 4), Wall Street experienced a broad selloff ahead of the three-day holiday weekend, with all three major U.S. indexes closing lower. For the week, the indexes were essentially unchanged. The Labor Department's August employment report revealed that the U.S. economy added 162,000 jobs last month, more than triple the 56,000 consensus estimate. However, the department revised June and July payrolls upward by a total of 55,000 jobs. The unemployment rate remained steady at 4.1 percent. Despite the stronger-than-expected jobs report generally being considered positive economic news, markets interpreted it as a potential sign that the data-dependent Federal Reserve would implement a rate hike at the end of the month's policy meeting to prevent escalating energy prices from turning into broader inflation. Ryan Detrick, chief market strategist at Carson Group in Nebraska, commented, \"The labor market had a nice snapback last month, and it's hard not to think an improving labor market is not a positive development for the economy.\" Market participants now believe there is a 58.4 percent likelihood of a 25-basis-point rate hike at the conclusion of the Fed's September meeting, up from 49.4 percent on Thursday, according to CME's FedWatch tool. The Dow Jones Industrial Average declined by 272.51 points, or 0.5 percent to 53,413.60, the S&P 500 dropped by 29.30 points, or 0.4 percent to 7,718.41, and the Nasdaq Composite fell by 77.07 points, or 0.3 percent to 26,506.99. Among the 11 major S&P 500 sectors, consumer discretionary stocks suffered the greatest losses, while industrials and tech showed modest gains. Semiconductors were notable outperformers, rising 3.4 percent, but remain down 17.8 percent this quarter. Software and services trailed with a 2.1 percent decline. Lululemon Athletica suffered a 17.4 percent drop after cutting its full-year profit and revenue forecasts. Adobe fell 6.7 percent following the announcement of Shantanu Narayen's successor, Anil Chakravarthy. US credit reporting agencies also declined after Federal Housing Finance Agency Director Bill Pulte announced that Fannie Mae and Freddie Mac were directed to allow all lenders to use the VantageScore credit scoring system. US markets will be closed on Monday for the Labor Day holiday. On the NYSE, declining issues outnumbered advancers by a ratio of 1.04-to-1, with 151 new highs and 167 new lows. On the Nasdaq, advancing issues outnumbered decliners by a ratio of 1.1-to-1, with 2,478 stocks rising and 2,256 falling, resulting in 61 new highs and 99 new lows. U.S. exchange volume reached 13.14 billion shares, surpassing the 14.89 billion average for the full session over the last 20 trading days.",
  "summary": "All three major US indexes close lower amid a broad selloff ahead of the three-day holiday weekend",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "WSJ Markets",
        "title": "U.S. Stocks Fall as Robust August Jobs Data Spurs Yields, Rate-Hike Bets",
        "url": "https://urgent.news/2026/09/04/u-s-stocks-fall-as-robust-august-jobs-data-spurs-yields-rate-hike-bets",
        "published": "2026-09-04T20:22:00.000Z"
      },
      {
        "outlet": "The Economic Times - Top News",
        "title": "Wall Street Week Ahead:Investors to pore over inflation data for signals on rate trajectory",
        "url": "https://urgent.news/2026/09/05/wall-street-week-ahead-investors-to-pore-over-inflation-data-for",
        "published": "2026-09-05T03:46:43.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}