On Thursday, September 5, U.S. markets closed mixed, with the S&P 500 and Dow finishing lower after a brief lift from economic reports, while the Nasdaq ended slightly higher. Investors stayed cautious ahead of key jobs data, which could shape upcoming Federal Reserve rate decisions. Positive reports helped ease concerns over labor market weakness.
In economic data, U.S. private businesses added 99,000 jobs in August, below market expectations of 145,000. Initial jobless claims fell by 5,000 to 227,000 for the week ending August 31, slightly better than the 230,000 estimate.
Eight of the 11 S&P 500 sectors declined, with healthcare and industrials leading the losses. The consumer discretionary sector led the gainers, partly boosted by Tesla’s performance.
The Dow Jones Industrial Average was down 0.54% and closed at 40,755.75. The S&P 500 ended the day lower by ...
