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US stocks fall late Friday
August's non-farm payroll data showed a surprising increase of 162,000 jobs, surpassing expectations of just 53,000 new jobs, which strengthens the likelihood of the U.S. Federal Reserve raising interest rates at the upcoming meeting. The unemployment rate remained steady at 4.1%, with revisions upward for June and July figures. The report led to a rise in Treasury bond yields, with the two-year note reaching its highest level since January 2025. U.S. stock indices pared some of their gains, with the Dow Jones dropping 0.51%, the S&P 500 down 0.38%, and the Nasdaq decreasing by 0.29%.
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