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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FICO Stock Slides Friday: What Investors Need to Know
Fair Isaac is trading lower Friday after the FHFA told Fannie Mae and Freddie Mac to let all lenders use the VantageScore 4.0 credit model.
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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.