Source: Sharecast
As of 1500 BST, the Dow Jones Industrial Average was down 0.35% at 53,500.84, while the S&P 500 shed 0.10% to 7,739.72 and the Nasdaq Composite came out of the gate 0.12% firmer at 26,616.84.
The Dow opened 185.27 points lower on Friday, taking a bite out of gains recorded in the previous session as equities got a leg-up from a pullback in yields after Federal Reserve governor Christopher Waller said he would be "inclined" to back holding rates at the current 3.5% to 3.75% target range at the FOMC's September meeting.
Early on Friday, however, the benchmark 10‑year Treasury yield was up roughly one and a half basis point at 4.788%, while the rate‑sensitive two‑year note was up almost five basis points at 4.400% and the longer‑dated 30‑year yield was broadly flat at 5.252%.
Friday's yield moves come alongside news that US non-farm payrolls surprised to the upside in August, according to the Bureau of Labor Statistics, rising by 162,000 against economists' expectations for a 53,000 increase. Upward revisions to June and July also added a further 55,000 jobs to prior estimates, reinforcing the sense that hiring momentum has been firmer than previously reported. The unemployment rate held at 4.1%, signalling a labour market that remains resilient even as broader economic indicators have softened in recent months.
Long‑term unemployment was steady at 1.9m, accounting for 27% of all unemployed people, and the labour force participation rate ticked up to 61.6%, though it remained half a percentage point lower than at the start of the year. For markets, the stronger‑than‑expected payrolls figure may complicate expectations for near‑term rate cuts, particularly after recent commentary from Federal Reserve officials emphasising caution.
No other data points or major corporate earnings were slated for release on Friday.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Intel Corp. (INTC) $92.88 5.23%
Caterpillar Inc. (CAT) $815.72 1.59%
Cisco Systems Inc. (CSCO) $109.93 1.25%
Apple Inc. (AAPL) $324.21 0.39%
Home Depot Inc. (HD) $318.65 0.39%
3M Co. (MMM) $168.93 0.19%
Dowdupont Inc. (DWDP) $0.00 0.00%
Walmart Inc. (WMT) $0.00 0.00%
Walgreens Boots Alliance, Inc. (WBA) $0.00 0.00%
Boeing Co. (BA) $209.64 -0.01%
Dow Jones - Fallers
Nike Inc. (NKE) $38.08 -1.75%
Dow Chemical Co. (DOW) $29.87 -1.75%
Chevron Corp. (CVX) $208.37 -1.60%
Salesforce.Com Inc. (CRM) $259.80 -1.54%
McDonald's Corp. (MCD) $256.76 -1.13%
International Business Machines Corporation (CDI) (IBM) $232.06 -0.90%
Amgen Inc. (AMGN) $440.36 -0.75%
Visa Inc. (V) $375.61 -0.74%
Goldman Sachs Group Inc. (GS) $1,032.69 -0.71%
American Express Co. (AXP) $327.26 -0.70%
S&P 500 - Risers
NetApp Inc. (NTAP) $186.38 9.77%
Seagate Technology Plc (STX) $836.17 8.79%
Lam Research Corp. (LRCX) $305.85 8.20%
Western Digital Corp. (WDC) $459.58 8.20%
Micron Technology Inc. (MU) $981.54 7.13%
KLA-Tencor Corp. (KLAC) $181.84 7.11%
Applied Materials Inc. (AMAT) $454.64 6.05%
Advanced Micro Devices Inc. (AMD) $466.11 5.37%
Intel Corp. (INTC) $92.88 5.23%
Fastenal Co. (FAST) $50.29 3.49%
S&P 500 - Fallers
Autodesk Inc. (ADSK) $220.37 -11.50%
Equifax Inc. (EFX) $173.00 -8.84%
Coterra Energy Inc. (CTRA) $32.56 -8.62%
Adobe Systems Inc. (ADBE) $265.18 -8.41%
Intuit Inc. (INTU) $330.99 -7.32%
Albemarle Corp. (ALB) $125.14 -6.56%
TripAdvisor Inc. (TRIP) $9.14 -6.47%
Verisk Analytics Inc. (VRSK) $183.44 -5.31%
Charter Communications Inc. (CHTR) $151.40 -5.05%
eBay Inc. (EBAY) $103.83 -4.71%
Nasdaq 100 - Risers
Seagate Technology Plc (STX) $840.59 8.79%
Lam Research Corp. (LRCX) $307.02 8.20%
Western Digital Corp. (WDC) $463.35 8.20%
Micron Technology Inc. (MU) $983.78 7.13%
KLA-Tencor Corp. (KLAC) $182.25 7.11%
Applied Materials Inc. (AMAT) $456.10 6.05%
Intel Corp. (INTC) $93.22 5.23%
Asml Holdings N.V. (ASML) $1,709.24 4.55%
Baidu Inc. (BIDU) $97.67 3.92%
Fastenal Co. (FAST) $50.31 3.49%
Nasdaq 100 - Fallers
Qvc Group Inc Series A (QVCGA) $0.34 -13.49%
Autodesk Inc. (ADSK) $221.69 -11.50%
Adobe Systems Inc. (ADBE) $264.95 -8.41%
Intuit Inc. (INTU) $330.96 -7.32%
Workday, Inc. (WDAY) $196.54 -6.41%
Verisk Analytics Inc. (VRSK) $183.27 -5.31%
Charter Communications Inc. (CHTR) $151.53 -5.05%
eBay Inc. (EBAY) $103.80 -4.71%
Expedia Group Inc. (EXPE) $296.18 -4.18%
Tesla Inc (TSLA) $357.63 -4.14%