The US Stock Market is Like a Roller Coaster

thecekodok


The United States (US) stock market was volatile on Friday as investors braced for the highly anticipated August NFP jobs report which could have an impact on the Federal Reserve's interest rate decision this month.


In regular trading on Thursday, the Dow and S&P 500 fell 0.54% and 0.3%, respectively, while the Nasdaq Composite rose 0.25%.


In extended trade, Broadcom fell 6.7% after releasing fiscal fourth-quarter results that fell short of market expectations.


Healthcare, industrials and financial stocks were the biggest laggards, while non-essential consumer goods, communications services and technology stocks outperformed the market.


The move came as labor market data gave mixed signals about the health of the US economy.


Private payrolls growth in August was the weakest since January 2021, while weekly jobless claims fell, providing some relief.


The conflicting data, which also included a decline in job openings, contributed to concerns about a potential recession and the Fed's approach to cutting rates.

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