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Happy Friday. Stocks were mixed as investors digested the August jobs report.
The U.S. added 162,000 jobs in August, according to the Labor Department’s jobs report, decisively beating the consensus estimate of 55,000.
The unemployment rate remained unchanged at 4.1%.
“The August jobs report was much better than expected, focusing the Fed squarely on controlling inflation when they meet next in September,” said Bill Adams, chief U.S. economist at Fifth Third Commercial Bank.
“The next Fed decision will be finely balanced: Next week’s releases of the CPI and PPI reports have the power to decide whether the Fed hikes or holds.”
Markets closed higher Thursday amid falling Treasury yields and comments from Federal Reserve Governor Chris Waller, who indicated that he would support holding interest rates steady later this month, barring any surprises in upcoming inflation data.
“A drop in rate hike probabilities after some relatively dovish comments from Fed member Christopher Waller and fall in the US Dollar because of a surging Yen sparked a recovery on Wall Street,” said Kyle Rodda, senior financial market analyst at Capital.com.
“Waller’s comments were relatively balanced, saying his policy bias going forward and especially into the September meeting will be determined by August US inflation data.”
Rodda said that Waller’s openness to the incoming data, coupled with a preference for holding rates steady if disinflation resumes, pushed market pricing for a rate hike this month back to roughly 50%..
This story was originally published byTheStreeton Sep 4, 2026, where it first appeared in theStock Market Todaysection. Add TheStreet as aPreferred
