U.S. Stocks Fall As Job Growth Misses Expectations -- Market Talk

Dow Jones09-07

1604 ET - U.S. stocks fall to end their worst week in over a year as August payrolls growth is shy of economist expectations, while the unemployment rate ticks lower. The jobs data, however, were not weak enough to raise expectations for a 50 basis point rate cut from the Fed later this month. Broadcom drops 10% after a disappointing revenue forecast, which weighed on rival Nvidia's shares as well. DJIA falls 410 points, or 1%, to 40345, the S&P 500 drops 1.7% to 5408 and the Nasdaq sinks 2.6% to 16690. For the week the Nasdaq loses 5.8%, the S&P 500 falls 4.3% and the DJIA slips 2.9%. (patrick.sullivan@wsj.com)

(END) Dow Jones Newswires

September 06, 2024 16:04 ET (20:04 GMT)

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