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Informist, Monday, Sept. 7, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US indices end lower Fri after jobs data raises rate-hike risk

 

MUMBAI--0745 IST--Major US indices closed lower Friday, and Dow Jones futures fell further Monday after a better-than-expected August employment report raised the probability that the US Federal Reserve may hike interest rates at its monetary policy meeting later this month. US Treasury yields rose after the jobs report, with the 2-year Treasury yield rising more than 4 basis points to 4.377% and reaching its highest level since January 2025 during the day. The 10-year Treasury yield settled at 4.78%, up 1 bp from Thursday.

The US employment report for August showed that non-farm payrolls grew by 162,000 and the unemployment rate was unchanged at 4.1%. Economists polled by the Dow Jones expected the rise at 53,000. "Net, net, the labor market is alive and well and generating thousands of new jobs to help keep economic growth squarely in the plus column," Chris Rupkey, chief economist at Fwdbonds, told CNBC. Financial markets were pricing a 58% possibility of a rate hike in the next Federal Reserve meeting, up from 49% on Thursday, according to the CME FedWatch Tool. 

 

The Dow Jones Industrial Average was hit hardest among its peers and ended 0.5% lower Friday. Index heavyweights UnitedHealth Group and Microsoft Corp. were down nearly 1% and 2%, respectively. The Nasdaq Composite and S&P 500 were down 0.3–0.4%. Shares of Tesla were down nearly 6?ter its Cybercab launch. Shares of Lululemon Athletica were down over 17?ter the company cut its full-year earnings forecast, according to a Reuters report. Semiconductor stocks outperformed in the region, while software and services were hit hardest, the report added.     

 

Index	Level	Change in %
Dow Jones Industrial Average	53414.25	(-)0.5
NASDAQ Composite	26506.99	(-)0.3
S&P 500	7718.60	(-)0.4

 

(Vidhi Thacker)

 

US$1 = INR 94.49

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Saji George Titus

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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