Stock market today: Nasdaq, S&P 500 futures slide amid more soft jobs market data
Published On Sep 5, 2024, 8:41 AM
US stocks showed mixed results as traders reacted to disappointing labor market data, indicating slower hiring growth. The S&P 500 dropped 0.3%, while the Dow decreased by 0.5%. Conversely, the Nasdaq Composite saw a slight gain of 0.2%. The data, including the smallest job growth since January 2021, raises concerns about the economy heading into a key jobs report. Investors are uncertain how bad news might influence the Federal Reserve's decision on interest rate cuts, with expectations oscillating between a 0.25% and a 0.5% cut in the upcoming meeting.