US stocks subdued as rate bets rise

Nifty23, 897.7024.25. Gold (MCX) (Rs/10g.)153, 151.00-2624.0.

Key points

• Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: US stocks subdued after jobs report fuels rate-hike bets04 Sep 2026 11: 05: 40 PM IST.
• The Dow fell 0.33%, the S&P 500 dropped 0.16% and the Nasdaq lost 0.04% at 9: 44 a.m.
• Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: Citigroup delays projected Fed interest rate cuts to mid-2027.
• Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: Solid US jobs expansion accelerates in August while unemployment remains at 4.1%.
• Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: Cleveland Fed chief Beth Hammack urges rate hikes to combat inflation.

Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: US stocks subdued after jobs report fuels rate-hike bets04 Sep 2026 11: 05: 40 PM IST. Caption: US stocks slip as stronger jobs data boosts rate-hike bets.

Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: US stocks slipped after stronger-than-expected August jobs data boosted bets on a Fed rate hike this month. While investors turned to next week's CPI and PPI data for clues on the central bank's policy path, the Dow and S&P 500 fell. Lululemon and credit-reporting stocks additionally fell.

Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: US stocks slipped on Friday after a stronger-than-expected August jobs report rose expectations of a Federal Reserve rate hike afterwards this month. The Dow fell 0.33%, the S&P 500 dropped 0.16% and the Nasdaq lost 0.04% at 9: 44 a.m. ET. Traders now see a 65% chance of a September rate hike, up from 55% before the report. Markets will focus on next week's CPI and PPI data for further clues on the Fed's policy outlook. Lululemon, Adobe and credit-reporting firms additionally declined.

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US nonfarm payrolls surged by 162, 000 in August, almost tripling market expectations and fueling bets that the Federal Reserve could raise interest rates at its upcoming September gathering. While the overall labor force participation rate rose to 61.6% alongside a longer average workweek, the solid hiring rebound was led by gains in leisure, hospitality, and local administration education. Though moderate wage expansion suggests the labor market itself is not stoking inflation, the robust economic data has shifted market focus heavily toward next week's consumer rate index report to see if central bankers will move forward with monetary tightening.

Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: US natural gas rig count declines as oil drilling activity holds steady.

Notably, the number of active natural gas drilling rigs in the United States dropped by two to 130 this week, according to new data published by energy services firm Baker Hughes on Friday. While the total count for horizontal rigs commonly applied in shale production held steady at 535, meanwhile, domestic oil rigs rose by two to reach 449.

Federal Reserve Bank of Cleveland President Beth Hammack renewed her call for higher interest rates on Friday, warning that current monetary policy is not sufficiently restrictive to bring down elevated inflation. Writing on LinkedIn, Hammack emphasized that both economic data and feedback from businesses in her district indicate cost pressures remain stubbornly above the central bank's target. She argued that policymakers must act decisively to raise rates, cautioning that allowing inflation to persist at high levels will create it significantly harder to control in the long run.

Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: Bond traders growth Fed rate hike odds after solid jobs report.

Bond traders responded to August's surprisingly solid employment report by increasing bets on a Federal Reserve interest rate hike at its upcoming mid-September gathering. Though gains were tempered as investors turned their attention to next week's crucial consumer cost report, yields on policy-sensitive two-year Treasuries surged to 4.37% as swap contracts began pricing in a higher likelihood of monetary tightening. While the robust labor market removes obstacles to a potential rate growth, analysts emphasize that upcoming inflation figures will serve as the ultimate deciding factor for central bankers.

Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: Goods producers outperform services as AI investment drives job expansion.

Employment gains in US manufacturing and construction are at present outpacing the broader service sector as massive investment in artificial intelligence infrastructure accelerates nationwide. Goods producers saw payrolls rise 0.6% over the six months through August, led by solid hiring in data center construction, factory building, and equipment manufacturing. Backed by recent federal tax incentives, this industrial momentum generated the strongest three-month manufacturing job expansion since 2022 and served as a primary driver behind August's overall employment beat.

Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: Star Integratia seeks Nasdaq listing under ITIA ticker.

Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: Copper approaches record high as inventory shortages drive a 10-week winning streak.

London copper rose 0.5% to $14, 405 a metric ton on Friday, bringing the metal within reach of its all-time peak and locking in a 10th consecutive weekly gain. As massive American imports ahead of potential trade tariffs leave supply constrained throughout international markets, the sustained rally is being driven by sharp declines in inventory outside the United States. While a stronger US dollar temporarily capped broader commodity momentum, low physical stockpiles continue to underpin copper rates alongside gains throughout other industrial metals like zinc and aluminum.

Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: NYSE American most active stocks.

Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: Gold slides as solid US jobs data drives Federal Reserve rate hike bets.

Gold rates dropped over 1% on Friday, putting bullion on track for a weekly decline after a surprisingly robust US jobs report bolstered expectations of a Federal Reserve interest rate hike this month. The August employment surge and a steady 4.1% unemployment rate pushed short-term rate-hike odds up to 65%, strengthening the US dollar and reducing investor demand for non-yielding precious metals. Market participants are now turning their attention to next week's consumer and producer inflation readings. It are projected to serve as the ultimate determining factor for the central bank's mid-September policy decision.

Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: Major personnel departures trigger heavy oil bets at Simplify quant ETF.

In practice, the $1.6 billion Simplify Managed Futures Strategy ETF has parted ways with its external adviser and both portfolio managers as the firm brings fund operations in-house. After internal interventions over recent months, the trend-following fund drastically consolidated its portfolio, scrapping interest-rate exposures to concentrate roughly 75% of its risk weighting in Brent crude and diesel futures. Though Simplify leadership maintains the strategy shift will enhance diversification and better capitalize on trending commodity markets, this pivot toward heavy oil speculation has significantly heightened volatility and caused the fund to slightly lag behind its benchmark.

Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: Blue Owl Capital intends public data center REIT to fuel AI expansion.

Blue Owl Capital is preparing to launch and publicly list a data center real estate investment trust seeded with roughly $6.5 billion of its own digital infrastructure assets. The alternative asset manager intends to employ the initial public offering and subsequent share sales to acquire further data centers and expand its portfolio to capitalize on booming AI infrastructure demand. This move follows similar successful offerings by major peers like Blackstone and Brookfield as global data center spending accelerates toward trillion-dollar projections.

Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: Federal regulators launch probe into Tesla's new Cybercabs.

Federal safety regulators opened an investigation into Tesla's steering-wheel-free taxis just one day after Elon Musk introduced the driverless Cybercab service in Austin, Texas. The National Highway Traffic Safety Administration is auditing Tesla's self-certification process to determine if the futuristic two-seater vehicles comply with safety rules given their lack of standard manual controls like steering wheels, mirrors, and brake pedals. News of the federal inquiry sent Tesla shares tumbling more than 5% on Friday, adding to regulatory scrutiny as the automaker already faces multiple federal investigations into its self-driving software safety record.

Citigroup pushed back its forecast for the Federal Reserve's next interest rate cut to June 2027 after stronger-than-expected August employment data. The brokerage replaced its previous expectation of rate reductions in late 2026 with a new call for three quarter-point cuts spread throughout June, September, and December of 2027. According to Citigroup economists, the sustained resilience and broad stability of the labor market significantly diminish the immediate need for monetary policy easing.

Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: US sanctions Turkish bank to cut off financial network for Iran.

Notably, the US Treasury hit Golden Global Bank with sanctions on Friday, accusing the Turkish institution of serving as a key financial pipeline for the Iranian administration. The action marks the latest expansion of Washington's Operation Economic Outcast initiative. It intends to force Tehran's compliance after months of military conflict. This move follows similar enforcement measures taken against an Egyptian bank's operations in the United Arab Emirates as the US continues to target regional financial nodes supporting Iran.

Citigroup delayed its projection for the Federal Reserve's next interest rate cut to June 2027 after a surprisingly robust August employment report. The brokerage dropped its earlier forecast for rate reductions starting in late 2026 after data made public US employers went on 162, 000 jobs while the unemployment rate held at 4.1%. Citigroup economists note that with the labor market proving resilient, central bankers will probable focus on inflation metrics, with futures markets now pricing in a 61% chance of a rate hike at the Fed's September gathering.

Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: US Treasury yields rise as solid employment report fuels Fed rate hike expectations.

US Treasury yields climbed on Friday after nonfarm payrolls surged by 162, 000 in August, well above expectations, prompting investors to growth their bets on a Federal Reserve interest rate hike this month. The shift drove short-term two-year yields to 4.37% after touching their highest point since January 2025, pushing rate-hike probabilities for the mid-September policy session up to roughly 65%. While the unexpectedly robust job gains lend solid backing to hawkish policymakers, analysts expect upcoming consumer rate data to serve as the main catalyst in determining whether the central bank actually raises rates.

Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: Dollar rises on solid payrolls before trimming gains ahead of inflation data.

Meanwhile, the US dollar initially rallied on Friday after an August jobs report that disclosed 162, 000 new positions, well above expectations, before surrendering most of its advance as investors shifted focus toward next week's consumer cost data. Market participants briefly raised the probability of a Federal Reserve rate hike in mid-September, but analysts observed that cooling annual wage expansion gives dovish central bankers room to advocate for steady rates if upcoming inflation readings show cost pressures easing. Meanwhile, the greenback held stable against the euro while remaining under pressure against a resilient Japanese yen, where speculation over Bank of Japan rate hikes and capital repatriation continues to backing the currency.

Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: Can Major Tech's $1-trillion AI bet pay off? Jefferies explains why it remains bullish.

Meanwhile, the artificial intelligence race is driving one of the largest investment cycles in technology history. Major hyperscalers, including Microsoft, Amazon, Alphabet, Meta and Oracle, are projected to spend concerning $818 billion in 2026 and $1.12 trillion in 2027 on data centres, chips, networking equipment and other AI infrastructure, according to Jefferies.

Dow Jones Nasdaq S&P 500 US Stock Market Today Live Updates: Trump threatens to halt trade with deficit nations over Fed rates.

In short, US stocks subdued as rate bets rise is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.