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How Major US Stock Indexes Fared Sept. 4

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How Major US Stock Indexes Fared Sept. 4
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Stocks fell on Wall Street and Treasury yields rose after a surprisingly strong report on the job market appeared to increase chances that the U.S. central bank could raise interest rates later this month.

The S&P 500 lost 0.4 percent Friday. The Dow Jones Industrial Average fell 0.5 percent, and the Nasdaq composite gave back 0.3 percent.

The government reported that U.S. employers added 162,000 jobs to their payrolls last month, far more than expected. That could give the Federal Reserve leeway to raise its benchmark short-term interest rate to fight inflation.

The yield on the 2-year Treasury climbed to 4.37 percent.

On Friday:

The S&P 500 fell 29.11 points, or 0.4 percent, to 7,718.60.

The Dow Jones Industrial Average fell 271.86 points, or 0.5 percent, to 53,414.25.

The Nasdaq composite fell 77.07 points, or 0.3 percent, to 26,506.99.

The Russell 2000 index of smaller companies rose 7.38 points, or 0.2 percent, to 2,975.65.

For the week:

The S&P 500 is up 6.84 points, or 0.1 percent.

The Dow is down 145.74 points, or 0.3 percent.

The Nasdaq is up 104.57 points, or 0.4 percent.

The Russell 2000 is up 3.28 points, or 0.1 percent.

For the year:

The S&P 500 is up 873.10 points, or 12.8 percent.

The Dow is up 5,350.96 points, or 11.1 percent.

The Nasdaq is up 3,265.00 points, or 14 percent.

The Russell 2000 is up 493.74 points, or 19.9 percent.

The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.

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