Key Points
NEW YORK (Reuters) U.S. stock indexes were mixed and benchmark Treasury yields rebounded after the much-anticipated U.S. August employment report showed an uptick in unemployment and cooler-than-expected wage growth, cementing expectations that the Federal Reserve will let key interest rates stand at its September policy meeting...
The three major indexes gave up earlier gains as the session progressed and investors digested the data ahead of the long U.S. holiday weekend..
Today, people are coasting into the holiday weekend with relief that the job numbers were solid, said Ryan Detrick, chief market strategist at Carson Group in Omaha...
The Labor Departments payrolls report showed the U.S. economy added more jobs than expected last month, but the rising unemployment and participation rates, along with a welcome cool-down in average hourly wage growth, solidified expectations that the Fed will let key interest rates stand this month...
The Dow Jones Industrial Average rose 67.82 points, or 0.2%, to 34,789.73, the S&P 500 lost 1.15 points, or 0.03%, to 4,506.51 and the Nasdaq Composite dropped 42.86 points, or 0.31%, to 13,992.11...
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