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Stock market today: Wall Street holds steady after a closely watched jobs report comes in mixed

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NEW YORK (AP) — U.S. stocks are holding relatively steady after a jobs report billed as the most important of the year came in mixed. The S&P 500 was up 0.2% early Friday, but it’s still on track for its worst week since April.

NEW YORK — U.S. stocks are holding relatively steady after a jobs report billed as the most important of the year came in mixed. The S&P 500 was up 0.2% early Friday, but it’s still on track for its worst week since April. The Dow Jones Industrial Average was up 128 points, and the Nasdaq composite was flat. The action was stronger in the bond market, where short-term yields dropped after the report showed U.S. employers hired fewer workers in August than expected.

The job market report, set for release later in the day, could dictate how big of a cut to interest rates the Federal Reserve will deliver at its next meeting later this month. Elsewhere, in Europe at midday, France's CAC 40 and Britain's FTSE 100 each slipped 0.2%, while Germany's DAX shed 0.5%.Japan’s benchmark Nikkei 225 fell 0.7% to finish at 36,391.47. Australia’s S&P/ASX 200 rose 0.4% to 8,013.40, while South Korea’s Kospi slipped 1.2% to 2,544.28. The Shanghai Composite shed 0.8% to 2,765.81. Trading was halted in Hong Kong because of a typhoon.

 

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