US stocks fall as market weighs weak jobs data, Fed outlook

New York, Sept 5, 2025 (AFP)
Wall Street stocks retreated in early trading Friday as markets assessed another weak US hiring report and the silver lining of likely Federal Reserve interest rate cuts.
The US economy added just 22,000 jobs in August, while unemployment climbed to 4.3 percent from 4.2 percent, according to Department of Labor data.
The report is the latest to point to a slowing job market expected to prompt the Fed to cut interest rates later this month.
US stocks opened higher, but shifted into negative territory soon after.
Near 1430 GMT, the Dow Jones Industrial Average was down 0.6 percent at 45,360.06.
The broad-based S&P 500 declined 0.4 percent to 6,473.24, while the tech-rich Nasdaq Composite Index shed 0.3 percent to 21,648.56.
Steve Sosnick of Interactive Brokers noted that US Treasury bond yields pulled back after the data, suggesting greater certainty about Fed interest rate cuts.
"The reaction in the bond yields is telling us that the market is certainly anticipating further cuts," said Sosnick, who also pointed to market gains on Thursday in anticipation of Friday's data.
Among individual companies, Broadcom surged 10.2 percent as it reported strong results and offered a positive outlook due to continued strength in artificial intelligence ventures.

Sumber : AFP