Jobs Blowout Revives Rate-Hike Bets, but Record Earnings Cushion the Blow: This Week on Wall Street
August payrolls came in at 162,000, nearly triple consensus, pushing September rate-hike odds to 60%. Stocks rose anyway, backed by record earnings.
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This Wingstop Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Monday
Top Wall Street analysts change outlook on top names. See all analyst rating changes at https://www.benzinga.com/analyst-stock-ratings. Analysts' view on LAUR stock here.
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Shares of software companies are trading lower after August's hotter-than-expected payrolls report increased expectations that the Federal Reserve could raise interest rates at its next meeting. A stronger U.S. dollar and higher rate expectations are weighing on growth stocks by reducing investor appetite for higher-risk assets.
SanDisk Jumps 10%, Lululemon Crashes 17%: Stock Market Today
A blowout August jobs report pushed traders to price a coin-flip chance of a Federal Reserve rate hike this month, dragging the S&P 500 and Dow lower by midday Friday.
Stock Market Midday, Sept. 4: Stocks Edge Lower on Strong Jobs Report as Lululemon Plummets
Major stock indices declined on September 4, 2026, as a stronger-than-expected August jobs report (162,000 jobs added) sparked renewed concerns about potential Federal Reserve rate hikes. The S&P 500, Dow Jones, and Nasdaq all fell, with Lululemon experiencing a significant 18% drop due to declining revenue and lowered guidance. Memory stocks like Micron Technology gained despite broader market losses, while Fair Isaac plummeted following pricing criticism from the Federal Housing Finance Agency.
8-K filing — CORNING INC /NY (GLW)
Filed: 2026-09-04 AccNo: 0001206774-26-000517 Size: 231 KB Item 7.01: Regulation FD Disclosure
Ciena Outlines Strong 2027 Outlook: What's Fueling the Momentum?
Ciena Corporation reported Q3 revenue growth of 37% and adjusted EPS surge of 215%, driven by strong AI network spending. The company's backlog exceeded $10 billion with most demand for 2027, and it projects at least 30% revenue growth in fiscal 2027. Competitors Corning and Viavi Solutions are also benefiting from AI infrastructure and data center investments.